TAS has seen average median house prices change by 7.30% which means that Ravenswood, 7250 has done well for property investors by showing a capital gain of 10.37% over the last year
Ravenswood,7250 was ranked 985 in Australia by increase in median property value over the quarter.
LACK OF BUYER INTEREST may well be the reason that Ravenswood is offering property investors an average of -5.70. This rate of discount on properties puts Suburb at number 40th in terms of most discounted suburbs in TAS
Renters in Suburb are facing rents around $13000 per annum or $250 every week.
Information supplied by:
Ravenswood, TAS – Slight adjustment in stock level
Median unit price: $175,000
Stock on market: 14.3%
12-month growth: 9.4%
The east Launceston suburb of Ravenswood was originally settled as a farming area in the early 19th century. Today, it is an affordable suburb with various amenities that is lauded for its proximity to the Launceston CBD, making it a popular area for property investors and home buyers.
Supply levels saw only a small level of movement in the June 2018-2019 period, with the number of houses increasing from 19 to 23.
Ravenswood is home to two shopping centres, an IGA supermarket and a pharmacy, which serve residents’ needs. There’s also a community centre, skate park and library for recreational pastime. Families value the quiet, tranquil atmosphere, and there are a couple of schools nearby, namely Brooks High School in Rocherlea and Queechy High School in Norwood.