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Ravenswood

POSTAL CODE: TAS, 7250
HOUSE

Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.

The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $405,175.

The upward trend in home prices in RAVENSWOOD, 7250 averaged 4.98% per annum over a 3-year period.

Average weekly rents on listings have reached the $420 mark, reflecting a 5.39% increase in returns based on the current median price in RAVENSWOOD.

An average of 4.33 real estate transactions take place per month in RAVENSWOOD which translates to 52 per annum.

52 properties were sold in RAVENSWOOD in 2016, making it the 42nd most active market in TAS based on total real estate transactions.

RAVENSWOOD, 7250 places 44th in Australia based on median property value growth during the quarter.

Surburb overview

Ravenswood, with the postcode 7250, is a suburb located approximately 4 kilometres northeast of Launceston’s central business district in Tasmania. Known for its residential character, community spirit, and convenient access to urban amenities, Ravenswood offers a comfortable and supportive environment for its residents. The population of Ravenswood is around 4,000 residents, comprising a diverse mix of families, professionals, and retirees who appreciate the suburb’s community-oriented atmosphere and proximity to Launceston.

Ravenswood falls under the jurisdiction of the City of Launceston, which ensures well-maintained infrastructure and community services. Public transportation is well-served by Metro Tasmania buses, providing regular services to Launceston’s CBD and surrounding suburbs, making commuting convenient for residents. The suburb is also easily accessible by car via major routes such as Elphin Road and Henry Street.

Educational facilities in Ravenswood include Ravenswood Heights Primary School, catering to the educational needs of young children in the community. For secondary education, students typically attend nearby schools such as Queechy High School and Newstead College. For higher education, residents have access to the University of Tasmania’s Newnham campus and various vocational training centres in Launceston.

Ravenswood residents often visit the nearby Mowbray Shopping Centre, which offers a variety of retail stores, supermarkets, cafes, and dining options. The Launceston CBD also provides more extensive shopping, dining, and entertainment facilities, easily accessible to Ravenswood residents.

Ravenswood Park is a popular local spot featuring walking trails, playgrounds, and picnic areas, making it ideal for family outings and outdoor activities. The nearby Heritage Forest and Punchbowl Reserve offer further opportunities for recreation, including walking, cycling, and enjoying the natural beauty of the area.

Residents of Ravenswood benefit from its proximity to Launceston, allowing easy access to the city’s cultural and recreational attractions, including the Queen Victoria Museum and Art Gallery, the Cataract Gorge Reserve, and the Launceston Aquatic Centre. The scenic Tamar Valley, known for its wineries and vineyards, is also easily accessible, providing opportunities for wine tasting and exploring the region’s natural beauty.

Ravenswood combines the tranquillity of suburban living with the convenience of nearby urban amenities, making it an attractive suburb for a diverse range of residents. The suburb’s natural beauty, recreational opportunities, and community atmosphere enhance its appeal as a desirable place to live within the greater Launceston area. The easy access to Launceston’s city amenities and the broader Tasmanian landscape further underscores Ravenswood's appeal as a great place to live.

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