Raymond Island is a small community in Victoria within the East Gippsland local government area (postcode 3880). With a population of 589, the suburb has an older demographic with a median age of 68. Households earn a median income of $48K per year, with an average household size of 1.8 people. The most common occupations are professionals, community & personal service, clerical & administrative. The top ancestries reported are English, Australian, Scottish.
The median house price in Raymond Island is $500,000, having declined 7.4% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 4.2%. The median monthly mortgage repayment is $969.
The crime rate in the East Gippsland LGA is higher than average at 13,055 incidents per 100,000 population.
From an investment perspective, Raymond Island offers a gross rental yield of 4.2%, rated as moderate yield. Property prices sit below the state median ($500K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 10.4x is considered stretched. House prices have moved -7.4% year-on-year.
Raymond Island is a small community in Victoria within the East Gippsland local government area (postcode 3880). With a population of 589, the suburb has an older demographic with a median age of 68. Households earn a median income of $48K per year, with an average household size of 1.8 people. The most common occupations are professionals, community & personal service, clerical & administrative. The top ancestries reported are English, Australian, Scottish.
The median house price in Raymond Island is $500,000, having declined 7.4% over the past year. The current median weekly rent is $400. This gives a gross rental yield of approximately 4.2%. The median monthly mortgage repayment is $969.
The crime rate in the East Gippsland LGA is higher than average at 13,055 incidents per 100,000 population.
From an investment perspective, Raymond Island offers a gross rental yield of 4.2%, rated as moderate yield. Property prices sit below the state median ($500K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 10.4x is considered stretched. House prices have moved -7.4% year-on-year.