Get a property report and suburb profile for any property in Raceview

Raceview is an established residential suburb of Ipswich with a quietly suburban feel. Streets are mainly lined with mid-century cottages and brick homes alongside pockets of newer infill housing, and yards tend to be modest. The neighbourhood centres on local parks and sporting fields rather than high-density development, and the community is weighted towards couple families — together about three in four families — with around 9,699 residents and a median age of 35.

Everyday needs are met by small shopping strips and community facilities, while Ipswich centre, major roads and regional rail are within easy reach for work and services. Owner-occupation is the majority but there is a sizeable rented sector, so the suburb suits a mix of households. Council road upgrade projects, including Mary Street and works on Ripley Road and Fischer Road, are affecting parts of the area with some construction already under way nearby. Whether Raceview suits you comes down to how much you value a settled, family-oriented suburb close to city conveniences.

The typical household in Raceview had a median income of $1,432 a week at the last Census. On the buying side, the current median house price of $890,500 is about 12 times a typical local annual household income at the last Census. For renters, a house renting at $585 a week would take about 40.9% of that weekly household income, while a unit at $490 a week would take about 34.2%.

On these figures, buying sits well above what a typical local household earned at the last Census, and renting a house would take a large share of that income while renting a unit would take a sizeable share. Whether that feels expensive depends on your own income and circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Over the past 12 months Raceview shows a clear split between price and rental moves. House values climbed 24.0%, a strong rise, while unit values rose 10.0%, also a strong gain but smaller than houses. On the income side unit rents increased 11.4% (strong) compared with house rents up 6.4% (a solid rise), so unit rental growth outpaced house rental growth over the year.

Put simply, house prices were the biggest source of capital growth this year in Raceview, while units delivered the stronger movement in rental income. Whether that pattern suits your investment goals and circumstances is something only you can decide.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.