If you compare the increase in value of investment property in Raceview, 4305 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was 0.32%.
While Raceview,4305 ranked number 568th in QLD for increase in median house value (annualised) increase, it is ranked 542th over the last 5 years.
Our latest figures would indicate that property sellers in Raceview are currently offering property investors an average price cut of -2.69% below the asking price at the moment.
Often selling an investment property can take time, and in Raceview the average time real estate has been on the market is 17 days.
Investment property in Raceview 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 8.04%
With the median price for a house in Raceview being $289000 and the advertised rent reaching $292.5 the gross rental yield for property investors calculates out to be 5.26%