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 $365,000.
The downward trend in home prices in RAVENSWOOD, 6208 averaged -3.18% per annum over a 3-year period.
Average weekly rents on listings have reached the $330 mark, reflecting a 4.7% increase in returns based on the current median price in RAVENSWOOD.
An average of 3.08 real estate transactions take place per month in RAVENSWOOD which translates to 37 per annum.
37 properties were sold in RAVENSWOOD in 2016, making it the 178th most active market in WA based on total real estate transactions.
RAVENSWOOD, 6208 places 362nd in Australia based on median property value growth during the quarter.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||-6.41%||N/A|
|Median 3 years||-9.54%||N/A|
|Median 5 years||4.73%||N/A|
|10 years average annual||3.93%||N/A|
|Weekly media advert. rent||$330||N/A|
|Time on Market||115.8 days||N/A|
|Gross Rental Yield Percent||4.7%||N/A|