Ravenswood

POSTAL CODE: WA, 6208

HOUSE

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 $710,000.

The upward trend in home prices in RAVENSWOOD, 6208 averaged 21.83% per annum over a 3-year period.

Average weekly rents on listings have reached the $620 mark, reflecting a 4.54% increase in returns based on the current median price in RAVENSWOOD.

An average of 5.42 real estate transactions take place per month in RAVENSWOOD which translates to 65 per annum.

65 properties were sold in RAVENSWOOD in 2016, making it the 105th most active market in WA based on total real estate transactions.

RAVENSWOOD, 6208 places 150th in Australia based on median property value growth during the quarter.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$710,000	N/A
Growth Report
Median Quarterly	5.81%	N/A
Median 12 month	14.52%	N/A
Median 3 years	65.5%	N/A
Median 5 years	91.89%	N/A
10 years average annual	6.63%	N/A
Weekly media advert. rent	$620	N/A
Time on Market	23 days	N/A
Gross Rental Yield Percent	4.54%	N/A

Demographics (Median Values)*

Total Population 11838

Weekly Household Income 1182

Household Size 2.50

Average Age 43

Monthly Loan Repayment 1820

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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