At number 2016th in the list of Australian suburbs ordered by increase in median house value over the last year, Raymond Terrace, 2324 is in the top half with a property value increase of 1.27% recorded in median house prices.
While Raymond Terrace,2324 ranked number 411th in NSW for increase in median house value (annualised) increase, it is ranked 396th over the last 5 years.
Our latest figures would indicate that property sellers in Raymond Terrace are currently offering property investors an average price cut of -5.52% below the asking price at the moment.
Investment property in Raymond Terrace has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 6.90%
Taking the average capital gain, or increase in median house value, Raymond Terrace,2324 has racked up an average of 6.90% over the period. This ranks it number 257th in the whole country for real estate investors looking at median house price increases.
Property buyers and investors in Raymond Terrace 2324 should be seeing an average reduction in asking price of around -4.06% . This means that Raymond Terrace is holding prices well when compared to other suburbs in NSW.
At number 908 in a list of fastest selling suburbs, Raymond Terrace is in the bottom 40% of suburbs in Australia with an average of days on market 88.1364 for properties listed there.
Using the current median advertised rental of $310 and the average annual increase in value of a median property of 3.74%, investors should hope to achieve an overall return of 5.34%
Information supplied by:
Raymond Terrace, NSW – Good prices and high yield
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%.