Suburb Profile Report for Raworth NSW (2321)

Raworth House: Median price $531,250, Annual capital growth 4.03%, Number of sales 33, Weekly median advertised rent $460

Raworth Unit: Median price $405,500, Annual capital growth 14.14%, Number of sales 10, Weekly median advertised rent N/A

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

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

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  • House Report

Raworth, 2321 ranked 312th in NSW when comparing growth in median property values or capital gain over the last 12 months. Raworth is one of 3163 in our list for NSW

Over the longer term, Raworth has seen property prices show investors a 5.72% return over the last 3 years. This is worse than over the last 12 months

Property investors looking for a bargain in Raworth should be aiming for at least -3.89% off the asking price, which is the average vendor discount being achieved at the moment.

Often selling an investment property can take time, and in Raworth the average time real estate has been on the market is 82.2174 days.

Raworth is 287th on a list of best yielding suburbs for rents in NSW with a 4.50% return

Information supplied by:




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Raworth, NSW – Newcastle suburb with excellent prospects

Postcode: 2321

Median house price: $590,000

Three-year growth: 22.3%

Rental yield: 4.0%

Nestled in the Hunter Valley region, Raworth is a peaceful suburb in ideal proximity to Newcastle CBD. In fact, the coastal city, along with major beaches can be accessed via main motorway within a 35-minute drive.

The nearby suburb of Maitland holds plenty shopping amenities, including Green Hills Shopping Centre, as well as a local hospital. Many schools are accessible in the surrounding region. The historically charming town of Morpeth, a long-admired tourism hub, provides for a relaxing weekend escape, filled with heritage walks, colonial architecture, boutiques, and a visit to The Historic Arnott Bakehouse.

Raworth has experienced strong, consistent levels of double digit growth in the five years to June 2019.

Metrics i HOUSE UNIT
$531,250 $405,500
6.04% N/A
4.68% N/A
4.03% 14.14%
$460 N/A
33 10
4.50% N/A
82.2173913043478 N/A

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

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 1225
Median household income ($/weekly) 1820
Median age of persons 31
Median housing loan repayment ($/monthly) 2200
Average household size 2.9
  • Census Count Percent(%)
    5-14 years 207 16.9
    25-34 years 208 17.0
    35-44 years 188 15.3
    45-54 years 146 11.9
    55-64 years 119 9.7
    Others 357 29.1
    Age Group
    Census Count Percent(%)
    Registered Married 546 64.2
    Not Married 235 27.6
    Defacto Relationship 70 8.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 1088 92.7
    Greece 7 0.6
    Papua New Guinea 12 1.0
    United Kingdom 38 3.2
    Other 12 1.0
    Others 17 1.4
    Country of Birth
    Census Count Percent(%)
    Christianity 950 83.1
    No Religion 182 15.9
    Other Religious Groups 7 0.6
    Buddhism 4 0.3
    Hinduism 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 33 8.8
    $1,500-$1,999 63 16.7
    $2,000-$2,499 38 10.1
    $2,500-$2,999 60 15.9
    $3,000-$3,499 37 9.8
    Others 146 38.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 409 46.5
    Not in the labour force 231 26.3
    Employed, worked part-time 197 22.4
    Employed, away from work 28 3.2
    Unemployed, looking for work 15 1.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 81 12.8
    Professionals 126 19.9
    Technicians & trades workers 101 15.9
    Clerical & administrative workers 120 18.9
    Sales 61 9.6
    Others 145 22.9
    Occupation
    Census Count Percent(%)
    Pre-school 37 10.6
    Infants/Primary 138 39.7
    Secondary 100 28.7
    Technical or Further Educational Institution 29 8.3
    University or other Tertiary Institutions 32 9.2
    Others 12 3.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1014 86.0
    Flat, unit or apartment 108 9.2
    Semi-detached, row or terrace house, townhouse 57 4.8
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 224 54.4
    Fully owned 95 23.1
    Rented 90 21.8
    Other tenure type 3 0.7
    Tenure Type
Census 2011, ABS
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