Ravenswood is an average performer in TAS when comparing median price capital growth over the last year. Ravenswood gave property investors a good capital gain figure when compared to the rest of the state, with 22.94%.
Ravenswood,7250 has offered an average of 22.94% return per annum in house price rises to property investors over the last three years.
Property buyers and investors in Ravenswood 7250 should be seeing an average reduction in asking price of around 0.00% . This means that Ravenswood is holding prices well when compared to other suburbs in TAS.
At number 1109 in a list of fastest selling suburbs, Ravenswood is in the TOP 30% of suburbs in Australia with an average of days on market 14.2574 for properties listed there.
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.