Located in New South Wales within the Warren local government area, Ravenswood is a sparsely populated locality (postcode 2824). With a population of 444, the suburb has a predominantly older resident base with a median age of 57. Households earn a median income of $48K per year, with an average household size of 2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.7% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are labourers, managers, machinery operators & drivers. Employment in the area leans toward agriculture and healthcare. The top ancestries reported are English, Australian, Aboriginal Australian.
The median house price in Ravenswood is $161,000, having softened modestly by 2.4% over the past year. The current median weekly rent is $300. This gives a gross rental yield of approximately 9.7%. The median monthly mortgage repayment is $779.
Public transport access includes 5 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Warren LGA is low at 0 incidents per 100,000 population.
On the investment side, Ravenswood shows a gross rental yield of approximately 9.7%, rated as high yield. Property prices sit below the state median ($161K/$1.5M), which can point to relative value. The price-to-income ratio of 3.3x is considered affordable. House prices have moved -2.4% year-on-year. Population growth of +0.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.