Suburb Profile Report for Raymond Island VIC (3880)

Raymond Island House: Median price $335,000, Annual capital growth 3.40%, Number of sales 14, Weekly median advertised rent $260

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

Source: CoreLogic

  • House Report

If you compare the increase in value of investment property in Raymond Island, 3880 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 18.58%.

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

Situated 243.80km from the CBD, Raymond Island is one of East Gippsland localities in the postcode 3880.

Metrics i HOUSE UNIT
$335,000 N/A
12.61% N/A
18.58% N/A
3.40% N/A
$260 N/A
14 N/A
4.04% N/A
N/A N/A

Source: CoreLogic

DSR Score for property investment : Balanced (H), Above average (U)
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Demographics
Total population 540
Median household income ($/weekly) 803
Median age of persons 62
Median housing loan repayment ($/monthly) 1029
Average household size 2
  • Census Count Percent(%)
    35-44 years 45 8.3
    45-54 years 46 8.5
    55-64 years 114 21.1
    65-74 years 160 29.6
    75-84 years 74 13.7
    Others 101 18.7
    Age Group
    Census Count Percent(%)
    Registered Married 228 56.7
    Not Married 135 33.6
    Defacto Relationship 39 9.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 388 76.2
    Greece 19 3.7
    Papua New Guinea 12 2.4
    United Kingdom 49 9.6
    Other 12 2.4
    Others 29 5.7
    Country of Birth
    Census Count Percent(%)
    Christianity 314 64.9
    No Religion 163 33.7
    Other Religious Groups 4 0.8
    Judaism 3 0.6
    Buddhism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 29 13.3
    $400-$599 37 17.0
    $600-$799 29 13.3
    $800-$999 35 16.1
    $1,000-$1,249 30 13.8
    Others 58 26.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 328 69.9
    Employed, worked part-time 66 14.1
    Employed, worked full-time 54 11.5
    Employed, away from work 12 2.6
    Unemployed, looking for work 9 1.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 24 17.6
    Professionals 19 14.0
    Technicians & trades workers 28 20.6
    Community & personal service workers 21 15.4
    Labourers 12 8.8
    Others 32 23.5
    Occupation
    Census Count Percent(%)
    Secondary 22 40.0
    Infants/Primary 20 36.4
    Technical or Further Educational Institution 7 12.7
    Pre-school 6 10.9
    University or other Tertiary Institutions 0 0.0
    Others 0 0.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 445 97.6
    Flat, unit or apartment 5 1.1
    Semi-detached, row or terrace house, townhouse 3 0.7
    Caravan, cabin, houseboat 3 0.7
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 144 64.0
    Rented 38 16.9
    Being purchased 37 16.4
    Other tenure type 6 2.7
    Tenure Type
Census 2011, ABS
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