Property value increases in Raceview have tracked close to the QLD average of 2.51% over the last 12 months.
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.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Raceview, 4305. Typically our figures indicate that -5.21% is being offered, which puts this QLD suburb at 2358th most discounted overall in Australia.
A $327.5 per week rent on the median house gives suburb investors a gross yield of circa 5.36%, without taking into account capital value appreciation, which has been averaging out at 2.98%.
Raceview has had a A very good year for property investment returns compared to the rest of QLD, giving investors a capital gain of 13.54% to date .
Comparing Raceview,4305 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
With the median price for a house in Raceview being $272500 and the advertised rent reaching $290 the gross rental yield for property investors calculates out to be 5.53%