AREA REPORTS

Ravenswood

 

 

TAS/
Ravenswood

Suburb Profile

Ravenswood - FREE SUBURB PROFILE REPORT
POSTAL CODE: TAS,7250

house

RAVENSWOOD, 7250 ranks 862nd on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 9.38% for property investors.

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 $175,000.

The upward trend in home prices in RAVENSWOOD, 7250 averaged 7.32% per annum over a 3-year period.

Average weekly rents on listings have reached the $240 mark, reflecting a 7.13% increase in returns based on the current median price in RAVENSWOOD.

An average of 5.58 real estate transactions take place per month in RAVENSWOOD which translates to 67 per annum.

67 properties were sold in RAVENSWOOD in 2016, making it the 24th most active market in TAS based on total real estate transactions.

RAVENSWOOD, 7250 places 81st in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $175,000 N/A
GROWTH REPORT
Median Quarterly 2.94% N/A
Median 12 month 9.38% N/A
Median 3 years 21.95% N/A
Median 5 years 28.21% N/A
10 years average annual 1.02% N/A
Weekly media advert. rent $240 N/A
Time on Market 47.4 days N/A
Gross Rental Yield Percent 7.13% N/A
demographics (median values)
Total Population
4144
Weekly Household Income
578.2
Household Size
2.50
demographics
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