Located in Tasmania within the Launceston local government area, Ravenswood is a smaller residential area (postcode 7250). With a population of 3,804, the suburb has a blend of families and working-age professionals with a median age of 36. Households earn a median income of $45K per year, with an average household size of 2.3 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at -0.3% year-on-year at the LGA level. TAS 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. TAS also had 19 Commonwealth-backed major projects under construction, 0 underway, and 16 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, community & personal service, technicians & trades. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Aboriginal Australian.
The median house price in Ravenswood is $350,000, broadly unchanged over the past year. Units have a median price of $354,000 (+53.7% YoY). The current median weekly rent is $430. This gives a gross rental yield of approximately 6.4%. The median monthly mortgage repayment is $867.
Ravenswood is served by 2 schools, including 1 primary, 1 special. The average ICSEA score is 880, which is well below the national average of 1,000. Public transport access includes 24 bus stops.
On the investment side, Ravenswood shows a gross rental yield of approximately 6.4%, rated as high yield. Property prices sit below the state median ($350K/$750K), which can point to relative value. The price-to-income ratio of 7.8x is considered moderate. House prices have moved +0.0% year-on-year. Population growth of -0.3% year-on-year points to declining demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.