Suburb Profile Report for Raymond Terrace NSW (2324)

Raymond Terrace House: Median price $352,000, Annual capital growth 4.02%, Number of sales 255, Weekly median advertised rent $350

Raymond Terrace Unit: Median price $253,000, Annual capital growth 3.27%, Number of sales 42, Weekly median advertised rent $290

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Raymond Terrace has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 5.07%

Over the longer term, Raymond Terrace has seen property prices show investors a 21.40% return over the last 3 years. This is worse than over the last 12 months

Vendor discounting in Raymond Terrace is giving property investors an average Vendor Discount of around -2.91%. This puts suburb at number 1112th in NSW when ranking the most discounted suburbs.

Residents and property investors in Raymond Terrace have been waiting around 66.52 days to sell a property.

Advertised rents are around the $350 mark per week – giving a return of 5.17% based on the median price in Suburb

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 5.42%

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.

Property investors looking for a bargain in Raymond Terrace should be aiming for at least -3.11% off the asking price, which is the average vendor discount being achieved at the moment.

On average over the past year, suburb has had 3.50 sales per month, which equates to 42 per year.

Renters in Suburb are facing rents around $3480 per annum or $290 every week.

Metrics i HOUSE UNIT
$352,000 $253,000
2.03% -1.56%
5.07% 5.42%
4.02% 3.27%
$350 $290
255 42
5.17% 5.96%
66.52 83

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 12724
Median household income ($/weekly) 1003
Median age of persons 35
Median housing loan repayment ($/monthly) 1517
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 1805 14.2
    25-34 years 1637 12.9
    35-44 years 1569 12.3
    45-54 years 1654 13.0
    55-64 years 1435 11.3
    Others 4625 36.3
    Age Group
    Census Count Percent(%)
    Not Married 4082 45.1
    Registered Married 3956 43.7
    Defacto Relationship 1021 11.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 10970 91.4
    Malta 49 0.4
    Papua New Guinea 145 1.2
    United Kingdom 369 3.1
    Other 135 1.1
    Others 329 2.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 58 0.5
    Christianity 9238 79.0
    Hinduism 43 0.4
    Other Religious Groups 66 0.6
    No Religion 2254 19.3
    Others 42 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 406 9.8
    $400-$599 540 13.0
    $600-$799 470 11.3
    $1,000-$1,249 424 10.2
    $1,500-$1,999 556 13.4
    Others 1765 42.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 3860 41.1
    Employed, worked full-time 3151 33.5
    Employed, worked part-time 1584 16.9
    Unemployed, looking for work 461 4.9
    Employed, away from work 336 3.6
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 956 18.9
    Community & personal service workers 561 11.1
    Clerical & administrative workers 701 13.8
    Sales 591 11.7
    Labourers 675 13.3
    Others 1587 31.3
    Occupation
    Census Count Percent(%)
    Pre-school 292 9.9
    Infants/Primary 1102 37.2
    Secondary 900 30.4
    Technical or Further Educational Institution 320 10.8
    University or other Tertiary Institutions 269 9.1
    Others 78 2.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 10943 90.3
    Semi-detached, row or terrace house, townhouse 931 7.7
    Flat, unit or apartment 247 2.0
    Caravan, cabin, houseboat 3 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1770 39.1
    Being purchased 1509 33.4
    Fully owned 1227 27.1
    Other tenure type 18 0.4
    Tenure Type
Census 2011, ABS
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