Property investors who have had real estate in Ravenswood, 7250 should be pleased with this TAS suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 14.29%
Comparing Ravenswood,7250 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property investors looking for a bargain in Ravenswood should be aiming for at least -4.94% off the asking price, which is the average vendor discount being achieved at the moment.
Often selling an investment property can take time, and in Ravenswood the average time real estate has been on the market is 43.75 days.
Property investors should expect to get $257.5 weekly from the median priced house in this suburb.
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.