Raceview is a medium-sized suburb in Queensland within the Ipswich local government area (postcode 4305). The area has roughly 9,699 residents and a mix of families and early-career residents, with a median age of 35. Households earn a median income of $74K per year, with an average household size of 2.6 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +3.5% year-on-year at the LGA level. QLD employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. QLD also had 32 Commonwealth-backed major projects under construction, 12 underway, and 50 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are community & personal service, technicians & trades, professionals. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are Australian, English, German.
Median house prices in Raceview stand at $620,000, having climbed sharply by 19.2% over the last twelve months. Units have a median price of $418,000 (+8.5% YoY). The current median weekly rent is $535. This gives a gross rental yield of approximately 4.5%. The median monthly mortgage repayment is $1,349.
Raceview is served by 2 schools, including 2 primary. The average ICSEA score is 998, which is around the national average of 1,000. Public transport access includes 6 rail stations, 24 bus stops. The crime rate in the Ipswich LGA is moderate at 6,631 incidents per 100,000 population.
From an investment perspective, Raceview shows a gross rental yield of approximately 4.5%, rated as moderate yield. Property prices sit below the state median ($620K/$1.1M), which can point to relative value. The price-to-income ratio of 8.3x is considered moderate. House prices have moved +19.2% year-on-year. Population growth of +3.5% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.