Ravenhall is a smaller residential area in Victoria within the Melton local government area (postcode 3023). With a population of 2,295, the suburb has a mix of families and early-career residents with a median age of 33. Households earn a median income of $50K per year, with an average household size of 1.2 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +5.8% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 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 sales, managers. The top ancestries reported are English, Australian, Greek.
The current median weekly rent is $480. The median monthly mortgage repayment is $2,492.
Public transport access includes 4 rail stations, 5 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Melton LGA is moderate at 7,219 incidents per 100,000 population.
On the investment side, Population growth of +5.8% year-on-year points to strong growth demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.