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 4.49%
When looking at the potential capital gains offered to property investors over the last 3 years, Raymond Terrace comes in at number 254th in NSW.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.32% offered to property buyers. Sellers in Raymond Terrace itself are offering an average vendor discount of -5.42% to real estate investors.
Often selling an investment property can take time, and in Raymond Terrace the average time real estate has been on the market is 90.2424 days.
Property investors should expect to get $379 weekly from the median priced house in this suburb.
Over the last year, property investments in Raymond Terrace, 2324 have given investors a capital gain of 2.68%. This compares favourably with the 0.87% for NSW as a whole.
Raymond Terrace,2324 has offered an average of 2.68% return per annum in house price rises to property investors over the last three years.
Property investors looking for a bargain in Raymond Terrace should be aiming for at least -4.24% off the asking price, which is the average vendor discount being achieved at the moment.
In the last year 22 properties changed hands in Raymond Terrace, which puts it as the 395th most active market in NSW when comparing the number of sales per suburb.
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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%.