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Ravenswood
AREA REPORTS

Ravenswood

Ravenswood - SUBURB PROFILE REPORT
POSTAL CODE: TAS, 7250

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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.

Data report can be found below

Ravenswood
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $220,000 N/A
GROWTH REPORT
Median Quarterly 1.38% N/A
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
demographics (median values)*
Total Population
48050
Weekly Household Income
1142
Household Size
2.30
Age
41
Monthly Loan Repayment
1300
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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