Property value increases in Raymond Terrace have tracked just higher than the NSW average of 7.15% over the last 12 months.
Comparing Raymond Terrace,2324 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property buyers and investors in Raymond Terrace 2324 should be seeing an average reduction in asking price of around -3.32% . This means that Raymond Terrace is holding prices well when compared to other suburbs in NSW.
A $340 per week rent on the median house gives suburb investors a gross yield of circa 5.12%, without taking into account capital value appreciation, which has been averaging out at 4.35%.
Property investors who have had real estate in Raymond Terrace, 2324 should be ok with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 1.69%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Raymond Terrace has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Raymond Terrace is offering property investors an average of -4.48. This rate of discount on properties puts Suburb at number 399th in terms of most discounted suburbs in NSW
Raymond Terrace, 2324’s gross rental yield is 6.12%