Rental Insights
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Source: stashproperty.com.au
Development Stats
2024
354
1.4
About the Property
24 RAINE ROAD, REVESBY
“As builders, we’ve poured our passion into creating not just a structure, but a place where families can flourish and memories can blossom. This property provides luxury on a grand scale & is perfect for all family dynamics.” – Owner
– Introduce the home as a contemporary two-storey property that combines spacious living with practical amenities. This home boasts a modern design that caters to the needs of a bustling family life and enjoys a prime location within a warm, community-driven neighbourhood, ideal for families and those seeking space and comfort
– This residence features a luxurious main bedroom with a walk-in robe and a private ensuite, designed as a parental haven. The additional four bedrooms are well-appointed, offering ample space for children and guests, with built-in robes and easy access to the family bathroom
– Three well-appointed bathrooms, the main boasts a glass shower, free-standing bathtub, sleek fixtures, and floor-to-ceiling tiles
– Generous open plan living and dining room with access to a covered entertaining area on the ground floor and a second living space upstairs, providing versatility for family activities or quiet relaxation
– Modern kitchen is a culinary delight, featuring a butler’s pantry, high-quality appliances, Island benchtop and ample storage, guaranteeing that it’s a pleasure to prepare food for both everyday family dinners and special celebratory occasions
– Outdoor space offers a covered outdoor entertaining area offering a seamless transition for indoor-outdoor living. The verdant lawn and thoughtfully designed garden space provide a peaceful retreat and a fantastic play area for children
– This home features a large lock-up garage, additional parking from a driveway, an internal laundry room, and an additional water closet on the ground floor for convenience. The home is also fitted with air-conditioning to ensure comfort across all seasons with security cameras installed
– Nestled in the heart of Revesby, this home is moments away from local schools, parks, and shopping centers, placing all life’s necessities within easy reach. The area is known for its family-friendly atmosphere and community-focused living
From the realestate.com.au listing
Source: stashproperty.com.au
About the Suburb
Revesby, NSW 2212, boasts a population of over 15,268, suggesting a vibrant and mid-density suburb. This population growth is reflected in the healthy 11.2% property price increase.
Demographics: While specific age group data isn’t included here, the high owner-occupancy rate (58%) indicates a community that’s likely settled and looking to raise families.
Property Market: The median house price of $1.37 million positions Revesby in the moderately expensive range. The low vacancy rate (1.1%) signifies high tenant demand, making it an attractive option for investors. The moderate rental yield (3.3%) suggests alternative investment options might offer higher returns.
Families and Young Professionals: The quick turnaround time, with properties staying on the market for an average of 26 days (DOM), indicates strong buyer interest.
Investor Opportunity: Both houses and units offer potential for investors. The healthy market absorption rate of 36% signifies properties are selling quickly.
Houses: Prices range from figures likely attainable by first-time buyers to more expensive options, catering to a diverse range of budgets. The 24% IQR suggests potential value-adding opportunities through renovations.
Units: While specific price data isn’t available here, they generally offer a higher rental yield compared to houses, potentially providing a more consistent return on investment.
Overall, Revesby presents a strong option for families and young professionals seeking a growing and established community. Investors can find opportunities in both houses and units, with the potential for good capital growth and rental returns.
Sources:
– proptechdata.com.au
– Australian Bureau of Statistics (ABS) Census 2021
– Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022
Suburb Median
Vacancy Rate
