Suburb Profile Report for Raceview QLD (4305)

Raceview House: Median price $315,000, Annual capital growth 2.87%, Number of sales 190, Weekly median advertised rent $330

Raceview Unit: Median price $239,000, Annual capital growth 4.47%, Number of sales 17, Weekly median advertised rent $295

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

Source: CoreLogic

  • House Report
  • Unit Report

QLD has seen average median house prices change by 2.38% which means that Raceview, 4305 has done well for property investors by showing a capital gain of 1.61% over the last year

A 9.76% growth in median value for property investors in Raceview,4305 puts this suburb at number 418th in terms of best performing suburbs in QLD

Our latest figures would indicate that property sellers in Raceview are currently offering property investors an average price cut of -4.97% below the asking price at the moment.

In the last year 190 properties changed hands in Raceview, which puts it as the 72th most active market in QLD when comparing the number of sales per suburb.

Using the current median advertised rental of $330 and the average annual increase in value of a median property of 2.87%, investors should hope to achieve an overall return of 5.45%

Giving property investors a an unimpressive capital gain of -0.42% for the last year, Raceview, 4305 is the 1163th highest performer in Australia in this respect.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Raceview has increased when compared to the 5 year average annual rate.

Advertised rents are around the $295 mark per week – giving a return of 6.42% based on the median price in Suburb

Metrics i HOUSE UNIT
$315,000 $239,000
0.48% -0.42%
1.61% -0.42%
2.87% 4.47%
$330 $295
190 17
5.45% 6.42%
56.16 N/A

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (H)
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Demographics
Total population 8686
Median household income ($/weekly) 1100
Median age of persons 31
Median housing loan repayment ($/monthly) 1582
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 1272 14.6
    25-34 years 1349 15.5
    35-44 years 1076 12.4
    45-54 years 915 10.5
    55-64 years 800 9.2
    Others 3274 37.7
    Age Group
    Census Count Percent(%)
    Not Married 2743 45.3
    Registered Married 2544 42.0
    Defacto Relationship 770 12.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 7241 87.8
    Papua New Guinea 306 3.7
    Philippines 56 0.7
    United Kingdom 248 3.0
    Other 163 2.0
    Others 229 2.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 39 0.5
    Christianity 5907 75.2
    Hinduism 23 0.3
    Islam 42 0.5
    No Religion 1816 23.1
    Others 26 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 319 11.4
    $600-$799 323 11.5
    $800-$999 285 10.2
    $1,000-$1,249 309 11.0
    $1,500-$1,999 410 14.6
    Others 1157 41.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2472 39.3
    Not in the labour force 2296 36.5
    Employed, worked part-time 1004 15.9
    Unemployed, looking for work 279 4.4
    Employed, away from work 244 3.9
    Person Characteristics
  • Census Count Percent(%)
    Professionals 417 11.2
    Technicians & trades workers 662 17.8
    Community & personal service workers 498 13.4
    Clerical & administrative workers 539 14.5
    Labourers 525 14.1
    Others 1072 28.9
    Occupation
    Census Count Percent(%)
    Pre-school 113 6.0
    Infants/Primary 833 44.3
    Secondary 512 27.2
    Technical or Further Educational Institution 190 10.1
    University or other Tertiary Institutions 185 9.8
    Others 49 2.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7489 91.6
    Semi-detached, row or terrace house, townhouse 487 6.0
    Flat, unit or apartment 196 2.4
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1405 46.5
    Being purchased 894 29.6
    Fully owned 698 23.1
    Other tenure type 26 0.9
    Tenure Type
Census 2011, ABS
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Recent sales & rentals