Suburb Profile Report for Raceview QLD (4305)

Raceview House: Median price $325,500, Annual capital growth 0.57%, Number of sales 156, Weekly median advertised rent $340

Raceview Unit: Median price $223,750, Annual capital growth -0.89%, Number of sales 13, Weekly median advertised rent $280

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Raceview has had a pretty average year for property investment returns compared to the rest of QLD, giving investors a capital gain of 0.77% to date .

Comparing Raceview,4305 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

The most recent median price for Raceview is $325500, with sellers offering an average of -6.60% off the asking price.

On average over the past year, suburb has had 13.00 sales per month, which equates to 156 per year.

Raceview is 216th on a list of best yielding suburbs for rents in QLD with a 5.43% return

Raceview, 4305 ranked 18th in QLD when comparing growth in median property values or capital gain over the last 12 months. Raceview is one of 2415 in our list for QLD

Taking the average capital gain, or increase in median house value, Raceview,4305 has racked up an average of 15.63% over the period. This ranks it number 1366th in the whole country for real estate investors looking at median house price increases.

In the last year 13 properties changed hands in Raceview, which puts it as the 289th most active market in QLD when comparing the number of sales per suburb.

Property investors should expect to get $280 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$325,500 $223,750
-1.36% 20.95%
0.77% 15.63%
0.57% -0.89%
$340 $280
156 13
5.43% 6.51%
69.8034188034188 N/A

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Above average (U)
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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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