If you should be looking for strong growth potential in rental property investment, it would be good to look for properties in suburbs that are attractive to many types of people. The suburb of Raceview, which is around 4 km south-east of Ipswich CBD, can offer you a good chance of returning a profit from a rental property.
Residential properties are in good demand in the suburb as many people are attracted to the peace and quiet, light traffic and all the easily accessible amenities that the suburb offers.
Raceview was said to be named after a racecourse that existed sometime in 1850 near Grange Road. The racecourse lasted for around 25 years, until it was moved to Bundamba.
Raceview is a partially developed residential community, with much room for growth. Developments in the area ensued in the early 1900s. During the suburb’s earlier period, the local economy was predominantly centred on farming and quarrying. Gradually, educational facilities and small businesses were put up for the residents of the suburb.
Residents living in Raceview enjoy easy access to amenities, open spaces, institutions and commercial establishments that provide for their convenience and wellbeing. There are small parks scattered around the suburb, providing pleasant open spaces for residents. These include Worley Park, Vista View Park, James Hatton Park, David W Coultas Park, Pat Hayes Park and Manson Park. There is also a golf driving range in the suburb.
The suburb has two primary schools, Raceview Primary School and Bethany Lutheran Primary School, located next to the Bethany Lutheran Church. There is good public transport in the area and traffic is seldom a problem to people with cars.
Why Invest in Raceview
There are plenty of reasons why you should invest in Raceview. Data gathered on real estate in the suburb indicate that it has good potential for rental property investments. Almost half of residents in the area are renting homes or apartment units. Vacancy rate in the area is around 1% and rental yield range from 5% to 6%. There is also a steadily strong demand for rental properties in the suburb. Its proximity to central Ipswich and the good quality of life in the suburb are some of the reasons for the high demand.
To ensure that your investment is well positioned for profitability, excellent property management Raceview is required. My Pad Rentals can provide you with the personalised services fit for your investment. The company is solely focused on residential property management, so you can be assured of only the best kind of service.
Find out how My Pad Rentals can help you grow your property investment.