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Illowa, VIC 3282
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,435,000
market range $725K-$1.4M
Median Unit
$535,000
Gross Yield (houses)
1.5%
1yr Growth
-
Investment snapshot for Illowa
Illowa has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Illowa market and investor summary
In Illowa, VIC 3282, the median house sells for around $1.4M, on a gross rental yield of 1.5% for houses. At 0.7% vacancy, it is a tight rental market that favours landlords.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 1.5% will not cover holding costs in the early years, so the case leans on price appreciation. Rental demand looks steady, with vacancy at 0.7% and a resident base that is not shrinking.
Living in Illowa: people, income and schools
About 304 people live in Illowa, a number that has held fairly steady over five years. At a median age of 47, it reads as skewed a little older, and 85% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
The typical household income runs to around $108,000 a year (about $2,080 a week). On socio-economic measures it ranks around the national middle on the ABS advantage index (5 out of 10). At current prices a median house runs to a steep 13.2 times local household income, so affordability is a genuine constraint on local buyers. Locally, around 31% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.
Families have 3 schools within roughly 5km to choose from, testing close to the national school average on ICSEA. Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 304
- +4% over 5yr
- Median age
- 47 years
- Median household income
- $108,000/yr
- Households renting
- 3%
- Family households
- 84%
- Socio-economic rank
- 5/10
- ABS advantage index
- Schools within 5km
- 3
- avg ICSEA 1009
- Unemployment
- 1.5%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Illowa
No properties currently listed in Illowa
Search Illowa listings →Frequently asked questions about Illowa
What should I check before investing in Illowa?
Illowa has enough public data for first-pass screening across yield, vacancy, price and supply signals. Tight rental market (0.7% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Illowa?
The median property price in Illowa, VIC 3282 is $1.4M for houses and $535K for units.
What rental yield does Illowa show?
The gross rental yield in Illowa is 1.5% for houses and 1.7% for units. 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 Illowa?
The current vacancy rate in Illowa is 0.7%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Illowa?
Illowa has a population of approximately 304 residents, with a median age of 47.
What schools are near Illowa?
There are 3 schools within roughly 5km of Illowa. 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 Illowa affordable to buy in?
A median house in Illowa costs about 13.2 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Illowa's population growing?
The population of Illowa has grown modestly, about 4% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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