Illabo is a quiet locality in New South Wales within the Junee local government area (postcode 2590). It is home to about 132 residents, with a more retirement-aged population and a median age of 57. Households earn a median income of $54K per year, with an average household size of 2 people. Recent annual estimates show population movement softening across the broader catchment, with population growth running at -0.8% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are managers, technicians & trades, labourers. Employment in the area leans toward agriculture and professional services. The top ancestries reported are English, Australian, Irish.
Median house prices in Illabo stand at $95,000, having dropped significantly by 58.1% over the last twelve months. The current median weekly rent is $600. This gives a gross rental yield of approximately 32.8%. The median monthly mortgage repayment is $1,083.
Illabo is served by 1 school, including 1 primary. The average ICSEA score is 995, which is around the national average of 1,000. Public transport access includes 10 bus stops. The crime rate in the Junee LGA is below average at 2,561 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 32.8% (high yield). Property prices sit below the state median ($95K/$1.5M), which can point to relative value. The price-to-income ratio of 1.8x is considered affordable. House prices have moved -58.1% year-on-year. Population growth of -0.8% year-on-year points to declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.