Suburb Profile Report for Raymond Terrace NSW (2324)

Raymond Terrace House: Median price $407,500, Annual capital growth 4.10%, Number of sales 220, Weekly median advertised rent $379

Raymond Terrace Unit: Median price $287,500, Annual capital growth 3.09%, Number of sales 22, Weekly median advertised rent $310

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

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

  • Expert Report
  • House Report
  • Unit Report

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.

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
$407,500 $287,500
4.49% -1.71%
4.49% 2.68%
4.10% 3.09%
$379 $310
220 22
4.84% 5.61%
90.2424242424243 89.1428571428572

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

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