At number 2271th in the list of Australian suburbs ordered by increase in median house value over the last year, Ravenswood, 7250 is in the BOTTOM 50% with a property value increase of 11.90% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Ravenswood,7250 has racked up an average of 11.90% over the period. This ranks it number 255th in the whole country for real estate investors looking at median house price increases.
Ravenswood7250 is located in TAS which offers an average discount of -4.46% to property investors. Ravenswood itself is showing figures that indicate -3.95% is the average achievable by property buyers investing in the suburb.
The TAS suburb of Ravenswood, 7250 is in the Launceston (C) local government area.
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.