Iluka is a moderately sized suburb in Western Australia within the Joondalup local government area (postcode 6028). It is home to about 5,669 residents, with an older-leaning population and a median age of 46. Households earn a median income of $163K per year, with an average household size of 3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.4% year-on-year at the LGA level. WA employment has moved +1.1% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. WA also had 31 Commonwealth-backed major projects under construction, 7 underway, and 16 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 professionals, managers, clerical & administrative. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Australian, Irish.
Iluka has a median house price of $1.3 million, which has jumped by 26.6% year-on-year. The current median weekly rent is $1300. This gives a gross rental yield of approximately 5.3%. The median monthly mortgage repayment is $2,600.
Public transport access includes 17 bus stops.
Looking at the investment signals, The gross rental yield works out to roughly 5.3%, which reads as high yield. Property prices are above the state median ($1.3M/$951K), placing it in the premium segment. The price-to-income ratio of 7.7x is considered moderate. House prices have moved +26.6% year-on-year. Population growth of +1.4% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.