If you compare the increase in value of investment property in Raceview, 4305 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was 2.03%.
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.
Our latest figures would indicate that property sellers in Raceview are currently offering property investors an average price cut of -4.95% below the asking price at the moment.
Raceview, 4305’s gross rental yield is 5.38%
Raceview, 4305 ranked 217th in QLD when comparing growth in median property values or capital gain over the last 12 months. Raceview is one of 2415 in our list for QLD
Raceview,4305 has offered an average of -0.42% return per annum in house price rises to property investors over the last three years.
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 -5.49% is being offered, which puts this QLD suburb at 617th most discounted overall in Australia.
With the median price for a house in Raceview being $239000 and the advertised rent reaching $275 the gross rental yield for property investors calculates out to be 5.98%