How Will The Budget Impact The Housing Market?
While the 2021 budget included a number of measures relevant to property investors, an expert has questioned whether any...
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 $220,000.
The upward trend in home prices in RAVENSWOOD, 7250 averaged 12.5% per annum over a 3-year period.
Average weekly rents on listings have reached the $270 mark, reflecting a 6.38% increase in returns based on the current median price in RAVENSWOOD.
An average of 5 real estate transactions take place per month in RAVENSWOOD which translates to 60 per annum.
60 properties were sold in RAVENSWOOD in 2016, making it the 31st most active market in TAS based on total real estate transactions.
RAVENSWOOD, 7250 places 86th in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||10%||N/A|
|Median 3 years||37.5%||N/A|
|Median 5 years||56.03%||N/A|
|10 years average annual||2.95%||N/A|
|Weekly media advert. rent||$270||N/A|
|Time on Market||36.3 days||N/A|
|Gross Rental Yield Percent||6.38%||N/A|