Fraud Blocker

Iluka, WA 6028

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Iluka, WA 6028 located in Perth to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

Upgrade to Professional Plan to see the score

Capital Growth RCS™

Upgrade to Professional Plan to see the score

Cashflow RCS™

Upgrade to Professional Plan to see the score

FREE Investment Property Checklist

Secure your golden ticket to property investment success! Get our meticulously crafted Property Investment Checklist upon subscribing to our newsletter. It’s jam-packed with valuable insights from prime locations to specific building nuances.

Essentials
No Price Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

No Rent Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

Upgrade to Personal Plan to see Yield data.
Yield chart
Upgrade to Professional Plan to see Growth Rate Cycle data.
GRC chart
Fundamentals
Upgrade to Personal Plan to see IRSAD data.
IRSAD chart
Upgrade to Personal Plan to see U|H and R|O data.
Renters to owners pie chart
Upgrade to Personal Plan to see U|H and R|O data.
unit to houses pie charts
Upgrade to Personal Plan to see Demand Profile data.
Demand chart
Upgrade to Professional Plan to see Affordability Index data.
Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

Upgrade to Professional Plan to see Stock On Market trend.
SOM chart
Upgrade to Professional Plan to see Inventory trend.
Inventory chart
Upgrade to Professional Plan to see Building Approvals trend.
Inventory chart
Upgrade to Professional Plan to see Hold Period trend.
Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

Upgrade to Professional Plan to see Days On Market trend.
DOM chart
Upgrade to Professional Plan to see Vacancy Rate trend.
Inventory chart
Upgrade to Professional Plan to see Search Index trend.
Index chart
Upgrade to Professional Plan to see Clearance Rate trend.
Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

Have a question? You can either leave a comment below or post it on our forum.

0 thoughts on “Iluka, WA 6028”

  1. The total adult population (15 years or older) of Iluka 6028 WA is 4,737, with a median age of 46. Of those, 64.58% are married, 5.89% are divorced or separated, 27.21% are single and 2.30% are widowed.

    The average household size is 3.0 people per dwelling, and the median household monthly income is estimated to be $13,112. The median monthly mortgage repayment for households in this suburb is $2,600 which is 19.83% of their earnings.

    Source: ABS Census Data (2021)

  2. The coastal suburb of ILUKA, postcode 6028, nestled in Western Australia is home to approximately 2109 households. As we move into the third quarter of 2023, the typical housing prices for the area sit at AUD 1,222,846. The median weekly rent here is presently valued at AUD 914, which presents an enticing indicative yield of approximately 3.89%.

    From a socio-economic standpoint, ILUKA shines with an IRSAD score of 1124 out of 1217, hinting at a demographic with impressive economic resources, high income levels, and a concentration of skilled professions. The suburb showcases a favourable renter to owner ratio at 8%. This result is below the 30% benchmark and suggests a market undiluted by rental properties.

    The suburb’s market composition is also promising with the units to houses ratio sitting at an optimal 1%, suggesting that there is little competition amongst landlords for tenants, and therefore a potential for maintaining higher rental yields. It is noteworthy, however, that the affordability index for houses in ILUKA is relatively high at 37 years, which may indicate decreased affordability in the locale.

    The real estate supply dynamics for houses are particularly encouraging. The current stock on market percentage is an attractive 0.15%, well below the 0.4% threshold, coupled with an inventory level of 0.44 months, we observe an undoubtedly favourable low supply landscape. Although, the building approval ratio is worth noting, sitting at 1.48%, which may indicate an impending influx of new dwelling stock in the market.

    The average number of days a house listing remains active on the market is 39, which although slightly above the high-demand benchmark of 35 days, still reveals fairly strong demand. Meanwhile, the combined vacancy rate for both units and houses can be considered as neutral, as it sits within the comfortable range at 1.84%.

    Lastly, the buy search index for houses, a helpful metric portraying online demand, is 5 indicating properties in ILUKA are searched at par with state averages, indicating moderate demand.

    In view of this rendition of ILUKA’s property market data, the suburb offers remarkable promise as a property investment locale. While it’s vital to consistently stay updated about shifts in these metrics, ILUKA’s profile is predominantly positive with only a few metrics in the unfavourable range. Lastly, in an effort to simplify this tedious process there are tools such as the RCS(Relative Composite Score) developed by HtAG, which help automate real estate research by utilising over 80 metrics.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

Leave a comment