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