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Raceview, QLD 4305

Home » QLD Real Estate Data » Ipswich City, QLD » Raceview, QLD 4305

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Raceview, QLD 4305 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

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5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

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Yield 

1BR

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Raceview, QLD 4305”

  1. The total adult population (15 years or older) of Raceview 4305 QLD is 7,528, with a median age of 35. Of those, 39.98% are married, 15.28% are divorced or separated, 38.64% are single and 5.94% are widowed.

    The average household size is 2.6 people per dwelling, and the median household monthly income is estimated to be $6,972. The median monthly mortgage repayment for households in this suburb is $1,349 which is 19.35% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated within Queensland, the suburb of Raceview 4305 is home to an estimated 4337 households. As we move into the third quarter of 2023, the typical price for houses in Raceview has settled at $514,902. The median weekly rent is a substantial $449, creating an indicative yield of 4.53%. This yield is attractive to cashflow-focused property investors as it sits well above the minimum market requirement of 3%.

    Digging deeper, the IRSAD score for Raceview sits at 905 out of a possible 1217. This score reflects the relative socio-economic advantage of the area, suggesting residents have a decent level of access to economic and social resources. Comparatively, the renter to owner ratio stands at 40%, slightly higher than the favoured threshold of 30%, indicating that rental competition is elevated and long-term returns may come under pressure.

    Additionally, with a units-to-houses ratio of a mere 4%, units scarcely feature in the mix, implying fewer rental competition for landlords and offering potential for solid rental yields. It’s worthwhile noting that this lower ratio also attracts a greater proportion of families who usually commit to longer tenancy periods.

    Affordability wise, the index for houses tips towards the more affordable range at 29 years to full ownership – under the standard 30-year mortgage assumption. This suggests that residents can comfortably service property debt, which bodes well for property owners.

    In terms of supply metrics, houses in Raceview outperform the market with a stock on market Percentage of 0.31%, duly indicating an under-supply condition in the market, which is favourable for prices. Also, its inventory level sits at a low 0.69 months, indicating a swift take-up for newly listed houses. The building approvals Ratio is slightly above the preferred maximum of 1%, at 1.13%; indicating a slight increase in new housing stock.

    Analysing demand metrics, the days on market stand at 38, slightly above the high-demand indicator of 35 days but still indicative of a healthy take-up rate. The vacancy rate is 1.22%, demonstrating a high demand with an overall low availability of rentals – a favourable situation for investment property owners. However, the buy search index is rated at 3, reflecting a subdued demand for property buying in Raceview.

    Overall, Raceview presents an interesting mix of indicators for a property investor. While there are elements of high supply from a building approvals perspective, this is balanced by favourable metrics such as low vacancy rates, low inventory levels and a favourable affordability index. Investors would need to vigilantly consider the mix of positive and more challenging aspects of the Raceview market and how these align with their investment strategy. To simplify this analysis, tools such as the RCS (Relative Composite Score) developed by HtAG Analytics can be useful, automating research using a comprehensive suite of over 80 metrics.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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