Suburb Profile Report for Raceview QLD (4305)

Raceview House: Median price $316,000, Annual capital growth 1.91%, Number of sales 212, Weekly median advertised rent $335

Raceview Unit: Median price $289,000, Annual capital growth 7.09%, Number of sales 39, Weekly median advertised rent $293

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

Source: CoreLogic

  • House Report
  • Unit Report

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%

Metrics i HOUSE UNIT
$316,000 $289,000
-0.32% N/A
0.32% 8.04%
1.91% 7.09%
$335 $293
212 39
5.51% 5.26%
17 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (U), Above average (H)
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Demographics
Total population 8686
Median household income ($/weekly) 1100
Median age of persons 31
Median housing loan repayment ($/monthly) 1582
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 1272 14.6
    25-34 years 1349 15.5
    35-44 years 1076 12.4
    45-54 years 915 10.5
    55-64 years 800 9.2
    Others 3274 37.7
    Age Group
    Census Count Percent(%)
    Not Married 2743 45.3
    Registered Married 2544 42.0
    Defacto Relationship 770 12.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 7241 87.8
    Papua New Guinea 306 3.7
    Philippines 56 0.7
    United Kingdom 248 3.0
    Other 163 2.0
    Others 229 2.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 39 0.5
    Christianity 5907 75.2
    Hinduism 23 0.3
    Islam 42 0.5
    No Religion 1816 23.1
    Others 26 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 319 11.4
    $600-$799 323 11.5
    $800-$999 285 10.2
    $1,000-$1,249 309 11.0
    $1,500-$1,999 410 14.6
    Others 1157 41.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2472 39.3
    Not in the labour force 2296 36.5
    Employed, worked part-time 1004 15.9
    Unemployed, looking for work 279 4.4
    Employed, away from work 244 3.9
    Person Characteristics
  • Census Count Percent(%)
    Professionals 417 11.2
    Technicians & trades workers 662 17.8
    Community & personal service workers 498 13.4
    Clerical & administrative workers 539 14.5
    Labourers 525 14.1
    Others 1072 28.9
    Occupation
    Census Count Percent(%)
    Pre-school 113 6.0
    Infants/Primary 833 44.3
    Secondary 512 27.2
    Technical or Further Educational Institution 190 10.1
    University or other Tertiary Institutions 185 9.8
    Others 49 2.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7489 91.6
    Semi-detached, row or terrace house, townhouse 487 6.0
    Flat, unit or apartment 196 2.4
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1405 46.5
    Being purchased 894 29.6
    Fully owned 698 23.1
    Other tenure type 26 0.9
    Tenure Type
Census 2011, ABS
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