Federal Election Results Revealed: What It Means For Investors
Australia has voted. Looking forward, here are the policies property purchasers, home owners, and investors can expect...
RAVENSWOOD, 7250 ranks 681st on the best performing suburbs in Australia in terms of capital gains, returning capital gains of 34.55% 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 $296,000.
The upward trend in home prices in RAVENSWOOD, 7250 averaged 23.05% per annum over a 3-year period.
Average weekly rents on listings have reached the $320 mark, reflecting a 5.62% increase in returns based on the current median price in RAVENSWOOD.
An average of 3.92 real estate transactions take place per month in RAVENSWOOD which translates to 47 per annum.
47 properties were sold in RAVENSWOOD in 2016, making it the 54th most active market in TAS based on total real estate transactions.
RAVENSWOOD, 7250 places 52nd in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||34.55%||N/A|
|Median 3 years||69.14%||N/A|
|Median 5 years||115.27%||N/A|
|10 years average annual||7.14%||N/A|
|Weekly media advert. rent||$320||N/A|
|Time on Market||26.7 days||N/A|
|Gross Rental Yield Percent||5.62%||N/A|