Iluka is a close-knit residential community in New South Wales within the Clarence Valley local government area (postcode 2466). It is home to about 1,764 residents, with a more retirement-aged population and a median age of 62. Households earn a median income of $43K per year, with an average household size of 1.9 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.2% 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 technicians & trades, labourers, professionals. Employment in the area leans toward construction and healthcare. The top ancestries reported are English, Australian, Irish.
Iluka has a median house price of $798,000, which has declined by 3.1% year-on-year. Units have a median price of $549,000 (+8.7% YoY). The current median weekly rent is $470. This gives a gross rental yield of approximately 3.1%. The median monthly mortgage repayment is $1,300.
Iluka is served by 1 school, including 1 primary. The average ICSEA score is 996, which is around the national average of 1,000. Public transport access includes 1 ferry wharf, 17 bus stops. The crime rate in the Clarence Valley LGA is moderate at 5,045 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 3.1%, which reads as moderate yield. Property prices sit below the state median ($798K/$1.5M), which can point to relative value. The price-to-income ratio of 18.4x is considered stretched. House prices have moved -3.1% year-on-year. Population growth of +1.2% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.