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Illabarook, VIC 3351
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$690,000
list-price estimate
Median Unit
$405,000
list-price estimate
Gross Yield (houses)
4.5%
1yr Growth
-
Investment snapshot for Illabarook
Illabarook has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Illabarook market and investor summary
In Illabarook, VIC 3351, houses show a gross rental yield of 4.5%. At 2.6% vacancy, it is a broadly balanced rental market.
For an investor, the rent-to-price profile sits mid-range: a gross house yield near 4.5% is neither a standout cashflow play nor a pure growth bet.
Living in Illabarook: people, income and schools
Illabarook has a resident population of roughly 41, and the area has been growing steadily, up about 9% over five years. The median age is 45, skewed a little older, and 100% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
Households here earn a median of about $88,000 a year, or roughly $1,680 a week. On socio-economic measures it ranks around the national middle on the ABS advantage index (5 out of 10). Incomes have risen about 22% over five years, which tends to underpin what local buyers can pay.
There is 1 school within about 5km, testing close to the national school average on ICSEA. Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 41
- +9% over 5yr
- Median age
- 45 years
- Median household income
- $88,000/yr
- Households renting
- 6%
- Family households
- 41%
- Socio-economic rank
- 5/10
- ABS advantage index
- Schools within 5km
- 1
- avg ICSEA 963
- Unemployment
- 3.3%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Illabarook
No properties currently listed in Illabarook
Search Illabarook listings →Frequently asked questions about Illabarook
What should I check before investing in Illabarook?
Illabarook has enough public data for first-pass screening across yield, vacancy, price and supply signals. House gross rental yield of 4.5% gives a usable rent-to-price starting point. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What rental yield does Illabarook show?
The gross rental yield in Illabarook is 4.5% for houses. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
How tight is the rental market in Illabarook?
The current vacancy rate in Illabarook is 2.6%. A rate under 2% generally signals a tight rental market. This suburb's rental market is balanced, favouring neither landlords nor tenants strongly.
How many people live in Illabarook?
Illabarook has a population of approximately 41 residents, with a median age of 45.
What schools are near Illabarook?
There are 1 school within roughly 5km of Illabarook. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Illabarook's population growing?
The population of Illabarook has grown about 9% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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