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 +1.9% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. WA also had 24 Commonwealth-backed major projects under construction, 12 underway, and 12 in planning as at 2025-09-01, 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 $1.7 million, which has jumped by 13% year-on-year. The current median weekly rent is $1300. This gives a gross rental yield of approximately 4.0%. 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 4.0%, which reads as moderate yield. Property prices are above the state median ($1.7M/$1.0M), placing it in the premium segment. The price-to-income ratio of 10.4x is considered stretched. House prices have moved +13.0% 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.