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Racecourse, QLD 4740
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$750,000
list-price estimate
Median Unit
$500,000
list-price estimate
Gross Yield (houses)
2.8%
1yr Growth
-
Investment snapshot for Racecourse
Racecourse has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Racecourse market and investor summary
In Racecourse, QLD 4740, houses show a gross rental yield of 2.8%. At 1.0% vacancy, it is a tight rental market that favours landlords.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 2.8% will not cover holding costs in the early years, so the case leans on price appreciation. Rental demand looks steady, with vacancy at 1.0% and a resident base that is not shrinking.
Living in Racecourse: people, income and schools
About 181 people live in Racecourse, and the area has been growing steadily, up about 7% over five years. The median age is 42, skewed a little older, and families account for 84% of households.
Households here earn a median of about $96,000 a year, or roughly $1,850 a week. On socio-economic measures it ranks around the national middle on the ABS advantage index (5 out of 10). Incomes have risen about 20% over five years, which tends to underpin what local buyers can pay.
There are 5 schools within about 5km, testing close to the national school average on ICSEA. It is fairly car-dependent; the suburb scores 2 for walkability and 40 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Premises.
- Population
- 181
- +7% over 5yr
- Median age
- 42 years
- Median household income
- $96,000/yr
- Households renting
- 25%
- Family households
- 84%
- Socio-economic rank
- 5/10
- ABS advantage index
- Schools within 5km
- 5
- avg ICSEA 1009
- Unemployment
- 2.7%
- Walk score
- 2/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Racecourse
No properties currently listed in Racecourse
Search Racecourse listings →Frequently asked questions about Racecourse
What should I check before investing in Racecourse?
Racecourse has enough public data for first-pass screening across yield, vacancy, price and supply signals. Tight rental market (1.0% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What rental yield does Racecourse show?
The gross rental yield in Racecourse is 2.8% for houses. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
How tight is the rental market in Racecourse?
The current vacancy rate in Racecourse is 1.0%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Racecourse?
Racecourse has a population of approximately 181 residents, with a median age of 42.
What schools are near Racecourse?
There are 5 schools within roughly 5km of Racecourse. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Racecourse's population growing?
The population of Racecourse has grown about 7% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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