Suburb Profile Report for Ravenswood TAS (7250)

Ravenswood House: Median price $200,000, Annual capital growth 2.06%, Number of sales 50, Weekly median advertised rent $258

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

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  • House Report

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.

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Ravenswood, TAS – Slight adjustment in stock level

Postcode: 7250

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.

Metrics i HOUSE UNIT
$200,000 N/A
8.11% N/A
14.29% N/A
2.06% N/A
$258 N/A
50 N/A
6.70% N/A
43.75 N/A

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Very good (H), Above average (U)
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Demographics
Total population 3974
Median household income ($/weekly) 620
Median age of persons 33
Median housing loan repayment ($/monthly) 990
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 627 15.8
    25-34 years 488 12.3
    35-44 years 529 13.3
    45-54 years 433 10.9
    55-64 years 486 12.2
    Others 1411 35.5
    Age Group
    Census Count Percent(%)
    Not Married 1423 52.6
    Registered Married 934 34.5
    Defacto Relationship 347 12.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 3442 93.8
    Greece 13 0.4
    Papua New Guinea 30 0.8
    United Kingdom 80 2.2
    Other 33 0.9
    Others 70 1.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 9 0.3
    Christianity 2148 62.6
    Islam 14 0.4
    Other Religious Groups 23 0.7
    No Religion 1231 35.9
    Others 7 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $200-$299 122 9.0
    $300-$399 219 16.2
    $400-$599 272 20.1
    $600-$799 224 16.5
    $1,000-$1,249 138 10.2
    Others 379 28.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 1395 50.7
    Employed, worked full-time 575 20.9
    Employed, worked part-time 458 16.6
    Unemployed, looking for work 222 8.1
    Employed, away from work 104 3.8
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 152 13.4
    Community & personal service workers 147 13.0
    Sales 134 11.8
    Machinery operators & drivers 165 14.6
    Labourers 282 24.9
    Others 254 22.4
    Occupation
    Census Count Percent(%)
    Pre-school 46 5.4
    Infants/Primary 386 45.3
    Secondary 237 27.8
    Technical or Further Educational Institution 122 14.3
    University or other Tertiary Institutions 43 5.0
    Others 19 2.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3339 89.6
    Flat, unit or apartment 213 5.7
    Semi-detached, row or terrace house, townhouse 171 4.6
    House or flat attached to a shop, office 4 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 765 51.3
    Being purchased 406 27.2
    Fully owned 318 21.3
    Other tenure type 3 0.2
    Tenure Type
Census 2011, ABS
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