Iluka is a small community in New South Wales within the Clarence Valley local government area (postcode 2466). With a population of 1,764, the suburb has an older demographic with a median age of 62. Households earn a median income of $43K per year, with an average household size of 1.9 people. The most common occupations are technicians & trades, labourers, professionals. The top ancestries reported are English, Australian, Irish.
The median house price in Iluka is $990,000, having surged 44.7% over the past year. Units have a median price of $705,000 (+28.9% YoY). The current median weekly rent is $575. This gives a gross rental yield of approximately 3.0%. 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 4,981 incidents per 100,000 population.
From an investment perspective, Iluka offers a gross rental yield of 3.0%, rated as moderate yield. Property prices sit below the state median ($990K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 22.8x is considered stretched. House prices have moved +44.7% year-on-year.
Iluka is a small community in New South Wales within the Clarence Valley local government area (postcode 2466). With a population of 1,764, the suburb has an older demographic with a median age of 62. Households earn a median income of $43K per year, with an average household size of 1.9 people. The most common occupations are technicians & trades, labourers, professionals. The top ancestries reported are English, Australian, Irish.
The median house price in Iluka is $990,000, having surged 44.7% over the past year. Units have a median price of $705,000 (+28.9% YoY). The current median weekly rent is $575. This gives a gross rental yield of approximately 3.0%. 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 4,981 incidents per 100,000 population.
From an investment perspective, Iluka offers a gross rental yield of 3.0%, rated as moderate yield. Property prices sit below the state median ($990K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 22.8x is considered stretched. House prices have moved +44.7% year-on-year.