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Raceview, QLD 4305

Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics

Data updated

Tight Rental MarketStrong Growth

Median House

$855,000

market range $800K-$925K

Median Unit

$640,000

market range $600K-$725K

Gross Yield (houses)

3.8%

1yr Growth (houses)

+22.1%

market range +12.5% to +25.0%

Investment snapshot for Raceview

Raceview has enough public data for first-pass screening across yield, vacancy, price and supply signals.

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Raceview market and investor summary

In Raceview, QLD 4305, the median house sells for around $855K, on a gross rental yield of 3.8% for houses. House prices have moved +22.1% over the past year and +63.3% over three years. At 1.1% vacancy, it is a tight rental market that favours landlords.

For an investor, the rent-to-price profile sits mid-range: a gross house yield near 3.8% is neither a standout cashflow play nor a pure growth bet. Rental demand looks steady, with vacancy at 1.1% and a resident base that is not shrinking.

Living in Raceview: people, income and schools

Raceview has a resident population of roughly 9,699, a number that has held fairly steady over five years. At a median age of 35, it reads as broadly working-age, and families account for 70% of households.

The typical household income runs to around $74,000 a year (about $1,430 a week). On socio-economic measures it ranks toward the more disadvantaged end of the ABS advantage index (2 out of 10). At current prices a median house runs to a steep 11.5 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 16% over five years, which tends to underpin what local buyers can pay.

Families have 34 schools within roughly 5km to choose from, testing close to the national school average on ICSEA. Raceview sits about 31 km from the CBD. It is fairly car-dependent; the suburb scores 42 for walkability and 5 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Curb.

Population
9,699
+6% over 5yr
Median age
35 years
Median household income
$74,000/yr
Households renting
40%
Family households
70%
Socio-economic rank
2/10
ABS advantage index
Schools within 5km
34
avg ICSEA 975
Unemployment
5.9%
Distance to CBD
31 km
Walk score
42/100

Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.

Properties in Raceview

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Frequently asked questions about Raceview

What should I check before investing in Raceview?

Raceview has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.0% gives a usable rent-to-price starting point. Capital growth of +22.1% in the past year shows strong recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.

What are typical property prices in Raceview?

The median property price in Raceview, QLD 4305 is $855K for houses and $640K for units.

What rental yield does Raceview show?

The gross rental yield in Raceview is 3.8% for houses and 4.0% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.

What does recent house price growth show for Raceview?

House prices in Raceview are up 22.1% over the past year and up 63.3% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.

How tight is the rental market in Raceview?

The current vacancy rate in Raceview is 1.1%. 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 Raceview?

Raceview has a population of approximately 9,699 residents, with a median age of 35.

What schools are near Raceview?

There are 34 schools within roughly 5km of Raceview. 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 Raceview affordable to buy in?

A median house in Raceview costs about 11.5 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.

Is Raceview's population growing?

The population of Raceview has grown modestly, about 6% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.

How far is Raceview from the CBD?

Raceview is about 31 km from the CBD.

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