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 10.13%.
When looking at the potential capital gains offered to property investors over the last 3 years, Raceview comes in at number 660th in QLD.
Our latest figures would indicate that property sellers in Raceview are currently offering property investors an average price cut of -4.20% 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 41.4375 days.
With the median price for a house in Raceview being $350750 and the advertised rent reaching $345 the gross rental yield for property investors calculates out to be 5.11%
Raceview is in the bottom 20% in QLD when comparing median price capital growth over the last year. Raceview gave property investors a dismal capital gain figure when compared to the rest of the state, with -2.66%.
Over the longer term, Raceview has seen property prices show investors a 8.03% return over the last 3 years. This is worse than over the last 12 months
Sellers are offering property buyers an average discount of -6.27% to buyers in Raceview at the moment, which is less than average for the rest of QLD.
On average over the past year, suburb has had 2.33 sales per month, which equates to 28 per year.
Situated 31.14km from the CBD, Raceview is one of Ipswich (C) localities in the postcode 4305.