Raymond Island is a close-knit residential community in Victoria within the East Gippsland local government area (postcode 3880). The area has roughly 589 residents and 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. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.0% year-on-year at the LGA level. VIC employment has moved +0.8% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. VIC also had 41 Commonwealth-backed major projects under construction, 18 underway, and 24 in planning as at 2025-09-01, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, community & personal service, clerical & administrative. Employment in the area leans toward healthcare and construction. The top ancestries reported are English, Australian, Scottish.
Raymond Island has a median house price of $500,000, which has declined by 7.4% year-on-year. The current median weekly rent is $460. This gives a gross rental yield of approximately 4.8%. The median monthly mortgage repayment is $969.
The crime rate in the East Gippsland LGA is higher than average at 13,439 incidents per 100,000 population.
Looking at the investment signals, Raymond Island shows a gross rental yield of approximately 4.8%, rated as moderate yield. Property prices sit below the state median ($500K/$850K), which can point to relative value. The price-to-income ratio of 10.4x is considered stretched. House prices have moved -7.4% year-on-year. Population growth of +1.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.