If you were to buy a house locally at the current median price of $840,000 and had 10% deposit, then you would need a mortgage for $756,000. This is a very large mortgage compared to state.
Between 2005 and 2011 the population of ILUKA, 6028 grew an average of 142.40 people each year. This figure of 892.00% per annum means ILUKA is one of the more rapidly growing suburbs in WA.
ILUKA, 6028 has seen a substantial increase in the amount of mortgage repayment the median home owner makes every month. Between 2006 and 2011 mortgage brokers have seen the median housing loan repayment increase from $1,733 to $2,500.
In a list of Australian suburbs ranked by what percentage of the median household income was paid out in home loan repayments, ILUKA WA would be 5895th with 22.23.