Thinking about buying in Raymond Island? Now could not be a better time, with 682 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $617,000 with prices in this suburb ranging from $151,000 to $1,834,000. Raymond Island is located fairly close to the coast at just 2Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Raymond Island Real Estate Market Outlook

Consistent high demand relative to supply is a key feature in Raymond Island driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Raymond Island due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The slightly lower than average earnings from occupations in Raymond Island changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Lower than average population density constrains growth in Raymond Island to an extent. However, where buyers are willing to compromise on housing and lifestyle choice, there are affordable options. With very low industrial sector presence in Raymond Island the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.

Houses for sale Raymond Island

	83 TWELFTH AV, RAYMOND ISLAND, VIC, 3880	3	3	2	$580,000
	183 WESTERN BVD, RAYMOND ISLAND, VIC, 3880	3	2	4	$900,000
	3 THIRD PDE, RAYMOND ISLAND, VIC, 3880	5	2	2	$675,000 'NEW PRICE'

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