Raceview

Raceview is a suburb in the City of Ipswich. It's home to 9,721 people as of the 2016 census.

History
During the days of the Moreton Bay Penal Settlement the area that is now Raceview was a farm called Plough Station.

Name
Raceview is named after the old Grange Racecourse which used to be located in the area before being moved to Bundamba.

Establishment as a suburb
Raceview was established as a suburb on August 31, 1991 by the Governor in Council. Its since been regazetted in 2009 due to the council amalgamations at the time.

Demographics
In the 2016 census, Raceview recorded a population of 9,721 people, 51.8% female and 48.2% male. The median age of the Raceview population was 33 years, 5 years below the national median. 81.7% of people living in Raceview were born in Australia. The other top responses for country of birth were New Zealand (3.9%), England (2.3%), India (1.0%), the Philippines (0.9%) and Samoa (0.6%).

Raceview is a predominantly family suburb with 71.9% of households being family households. Of these family households, 66.4% have children. The other households are single-person households (25.1%) and group households (3.0%).

Employment and wealth
In 2016, Raceview had an unemployment rate of 8.9%, 2.0% higher than the national rate. The top industries were hospitals (except psychiatric hospitals) (4.3%), supermarket and grocery stores (3.6%), defence (3.1%), primary education (3.0%) and aged care residential services (2.8%).

The weekly median household income was $1,244 (annually $64,688) and the weekly median personal income was $632 (annually $32,864).

Students
There was a total of 2,311 students living in Raceview in 2016, making up 23.7% of all residents. Out of those attending an educational institution, the top responses were primary school (45.6%), secondary school (27.8%) and university (12.2%).

55.8% of Raceview's residents (aged 15 years or over) had finished year 12 or achieved a higher level of education by the 2016 census. However, it should also be noted that 9.4% of the counted population didn't state their education level.

Real estate
When the 2016 census was held, the median monthly mortgage repayment was $1,495 and median weekly rent was $301.

At the time, Raceview was home to 3,785 private dwellings. 93.5% of the dwellings were occupied. Of these occupied dwellings, 83.7% were separate houses, 1.0% were apartments and 15.0% were semi-detached houses (such as townhouses). The average number of a dwelling's bedrooms was 3.3 and the average number of people in a Raceview household was 2.7.

Property market
From June 2020 to June 2021, the median price for a house on the market was $349,500 and the median weekly rent for a house was $345. Most property listings in Raceview were for houses to buy.

From 2012 to 2020, house prices in Raceview rose 11.8% and unit prices fell 20.7%.