Suburb Profile Report for Raymond Terrace NSW (2324)

Raymond Terrace House: Median price $345,000, Annual capital growth 4.30%, Number of sales 243, Weekly median advertised rent $350

Raymond Terrace Unit: Median price $245,000, Annual capital growth 2.48%, Number of sales 36, Weekly median advertised rent $285

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 9.52% for the last 12 months, Raymond Terrace, 2324 has performed for property investments than its average annual 4.30% property growth over the last 5 years.

Raymond Terrace,2324 was ranked 2486 in Australia by increase in median property value over the quarter.

Property investors looking for a bargain in Raymond Terrace should be aiming for at least -3.07% off the asking price, which is the average vendor discount being achieved at the moment.

Residents and property investors in Raymond Terrace have been waiting around 66.46 days to sell a property.

A $350 per week rent on the median house gives suburb investors a gross yield of circa 5.28%, without taking into account capital value appreciation, which has been averaging out at 4.30%.

Raymond Terrace has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 7.46% to date .

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.

Sellers are offering property buyers an average discount of -2.78% to buyers in Raymond Terrace at the moment, which is less than average for the rest of NSW.

A $285 per week rent on the median house gives suburb investors a gross yield of circa 6.05%, without taking into account capital value appreciation, which has been averaging out at 2.48%.

HOUSE UNIT
$345,000 $245,000
0.00% 4.26%
9.52% 7.46%
4.30% 2.48%
$350 $285
243 36
5.28% 6.05%
66.46 81.22

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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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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