Suburb Profile Report for Raymond Terrace NSW (2324)

Raymond Terrace House: Median price $388,500, Annual capital growth 4.00%, Number of sales 214, Weekly median advertised rent $379

Raymond Terrace Unit: Median price $295,000, Annual capital growth 4.11%, Number of sales 31, Weekly median advertised rent $315

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

Source: Monthly data update for Mar 2020 as supplied by CoreLogic. Data is reported to the period ending Dec 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report
  • Unit Report

Giving property investors a an average capital gain of -1.65% for the last year, Raymond Terrace, 2324 is the 2241th highest performer in Australia in this respect.

If we look at median property appreciation over just the last three months, Raymond Terrace has given property investors a paper return of -1.02%. This puts Suburb as 1014 on a list of fastest fasting appreciating suburbs in NSW

Sellers are offering property buyers an average discount of -5.56% to buyers in Raymond Terrace at the moment, which is less than average for the rest of NSW.

With the median price for a house in Raymond Terrace being $388500 and the advertised rent reaching $379 the gross rental yield for property investors calculates out to be 5.07%

Property value increases in Raymond Terrace have tracked higher than the NSW average of -2.98% over the last 12 months.

A 28.26% growth in median value for property investors in Raymond Terrace,2324 puts this suburb at number 84th in terms of best performing suburbs in NSW

The most recent median price for Raymond Terrace is $295000, with sellers offering an average of -3.85% off the asking price.

Information supplied by:




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Raymond Terrace, NSW – Good prices and high yield

Postcode: 2324

Median unit price: $275,000

Three-year growth: 14.6%

Rental yield: 5.9%

Established in the early 1800s, the suburb of Raymond Terrace in the Hunter Region of NSW is situated roughly 26km from Newcastle. It serves as the administrative centre of the Port Stephens LGA.

The surrounding rural pockets pool into Raymond Terrace, which contains many amenities including a shopping hub comprising two shopping centres and three major supermarkets. The schools here include St Brigid’s Catholic, Raymond Terrace Public, Grahamstown Public, Irrawang High School and Hunter River High School. Hunter Valley Buses take commuters to and from Newcastle station, while Port Stephens Coaches facilitate travel to Nelson Bay and Sydney.

Units are very reasonably priced for buyers on a budget, and such properties offer strong returns of 5.9%.

Metrics i HOUSE UNIT
$388,500 $295,000
-1.02% 4.42%
-1.65% 5.36%
4.00% 4.11%
$379 $315
214 31
5.07% 5.55%
93.9386503067485 67

Source: Monthly data update for Mar 2020 as supplied by CoreLogic. Data is reported to the period ending Dec 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Good (U)
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Demographics
Total population 12724
Median household income ($/weekly) 1003
Median age of persons 35
Median housing loan repayment ($/monthly) 1517
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 1805 14.2
    25-34 years 1637 12.9
    35-44 years 1569 12.3
    45-54 years 1654 13.0
    55-64 years 1435 11.3
    Others 4625 36.3
    Age Group
    Census Count Percent(%)
    Not Married 4082 45.1
    Registered Married 3956 43.7
    Defacto Relationship 1021 11.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 10970 91.4
    Malta 49 0.4
    Papua New Guinea 145 1.2
    United Kingdom 369 3.1
    Other 135 1.1
    Others 329 2.7
    Country of Birth
    Census Count Percent(%)
    Buddhism 58 0.5
    Christianity 9238 79.0
    Hinduism 43 0.4
    Other Religious Groups 66 0.6
    No Religion 2254 19.3
    Others 42 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 406 9.8
    $400-$599 540 13.0
    $600-$799 470 11.3
    $1,000-$1,249 424 10.2
    $1,500-$1,999 556 13.4
    Others 1765 42.4
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 3860 41.1
    Employed, worked full-time 3151 33.5
    Employed, worked part-time 1584 16.9
    Unemployed, looking for work 461 4.9
    Employed, away from work 336 3.6
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 956 18.9
    Community & personal service workers 561 11.1
    Clerical & administrative workers 701 13.8
    Sales 591 11.7
    Labourers 675 13.3
    Others 1587 31.3
    Occupation
    Census Count Percent(%)
    Pre-school 292 9.9
    Infants/Primary 1102 37.2
    Secondary 900 30.4
    Technical or Further Educational Institution 320 10.8
    University or other Tertiary Institutions 269 9.1
    Others 78 2.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 10943 90.3
    Semi-detached, row or terrace house, townhouse 931 7.7
    Flat, unit or apartment 247 2.0
    Caravan, cabin, houseboat 3 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1770 39.1
    Being purchased 1509 33.4
    Fully owned 1227 27.1
    Other tenure type 18 0.4
    Tenure Type
Census 2011, ABS
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