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.
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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%.