Question 1

Is Illowa a nice place to live?

Accepted Answer

Illowa is a small rural locality on the outskirts of Warrnambool, characterised by farmland, hobby blocks and modest residential pockets, so properties tend to have space and a rural feel rather than dense urban housing. Daily life centres on outdoor pursuits and nearby coastal recreation, while regional shops, schools and health services in Warrnambool are a short drive away. The locality sits on the Princes Highway about 10 kilometres north-west of Warrnambool and roughly 2 kilometres east of Tower Hill.

With a population of 304 and a median age of 47, Illowa is a small, settled community weighted towards couple families — 51.1% without children and 42.4% with children. Homes are overwhelmingly owner-occupied, with 53.1% owned outright and 43.9% owned with a mortgage (97.0% owner-occupiers) and renters at 3.1%. That mix suits people after a relaxed, semi-rural lifestyle with convenient access to coastal and city conveniences; it will be less suitable for those seeking dense urban housing or a large rental market.

Question 2

Is it expensive to live in Illowa?

Accepted Answer

There haven't been enough recent sales or rentals in Illowa, VIC to publish reliable house or unit price and rent figures. Without current price or rent data, it's not possible to say how expensive it is to live in Illowa compared with what local households earned at the last Census.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Illowa a good place to invest?

Accepted Answer

Illowa hasn't had enough recent sales to publish reliable figures on how house or unit prices and rents changed over the past 12 months. Because of that, there isn't a clear picture from the available data of how the suburb has performed as an investment.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	N/A	N/A
Change in value Past 12 months	N/A	N/A
Sold Past 3 months	1	N/A
Median days on market Past 12 months	N/A	N/A
Average rent Past 12 months	N/A	N/A
Change in rent Past 12 months	N/A	N/A

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