Ravenswood is a smaller suburb in Tasmania within the Launceston local government area (postcode 7250). With a population of 3,804, the suburb has a mix of young professionals and families with a median age of 36. Households earn a median income of $45K per year, with an average household size of 2.3 people. The most common occupations are labourers, community & personal service, technicians & trades. The top ancestries reported are English, Australian, Aboriginal Australian.
The median house price in Ravenswood is $350,000, having remained flat 0% over the past year. Units have a median price of $354,000 (+53.7% YoY). The current median weekly rent is $390. This gives a gross rental yield of approximately 5.8%. 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.
From an investment perspective, Ravenswood offers a gross rental yield of 5.8%, rated as high yield. Property prices sit below the state median ($350K/$750K), suggesting a potential value opportunity. The price-to-income ratio of 7.8x is considered moderate. House prices have moved +0.0% year-on-year.
Ravenswood is a smaller suburb in Tasmania within the Launceston local government area (postcode 7250). With a population of 3,804, the suburb has a mix of young professionals and families with a median age of 36. Households earn a median income of $45K per year, with an average household size of 2.3 people. The most common occupations are labourers, community & personal service, technicians & trades. The top ancestries reported are English, Australian, Aboriginal Australian.
The median house price in Ravenswood is $350,000, having remained flat 0% over the past year. Units have a median price of $354,000 (+53.7% YoY). The current median weekly rent is $390. This gives a gross rental yield of approximately 5.8%. 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.
From an investment perspective, Ravenswood offers a gross rental yield of 5.8%, rated as high yield. Property prices sit below the state median ($350K/$750K), suggesting a potential value opportunity. The price-to-income ratio of 7.8x is considered moderate. House prices have moved +0.0% year-on-year.