Suburb Profile Report for Raymond Terrace NSW (2324)

Raymond Terrace House: Median price $400,000, Annual capital growth 3.96%, Number of sales 226, Weekly median advertised rent $379

Raymond Terrace Unit: Median price $302,000, Annual capital growth 3.74%, Number of sales 23, Weekly median advertised rent $310

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

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

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  • House Report
  • Unit Report

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:




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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
$400,000 $302,000
2.96% 1.17%
1.27% 6.90%
3.96% 3.74%
$379 $310
226 23
4.93% 5.34%
92.3976608187134 88.1363636363636

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

DSR Score for property investment : Good (H), Above average (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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