Ravensthorpe is a small community in Western Australia within the Ravensthorpe local government area (postcode 6346). With a population of 580, the suburb has a settled mid-life population with a median age of 40. Households earn a median income of $92K per year, with an average household size of 2.4 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. WA employment has moved +1.9% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. WA also had 24 Commonwealth-backed major projects under construction, 12 underway, and 12 in planning as at 2025-09-01, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are managers, machinery operators & drivers, technicians & trades. Employment in the area leans toward agriculture and mining. The top ancestries reported are Australian, English, Irish.
Ravensthorpe has a median house price of $235,000, which has declined steeply by 12.6% year-on-year. The current median weekly rent is $352. This gives a gross rental yield of approximately 7.8%. The median monthly mortgage repayment is $867.
Ravensthorpe is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 990, which is around the national average of 1,000. Public transport access includes 1 bus stop. Healthcare facilities include 1 public hospital.
From an investment perspective, Gross rental yield sits at around 7.8% (high yield). Property prices sit below the state median ($235K/$1.0M), which can point to relative value. The price-to-income ratio of 2.6x is considered affordable. House prices have moved -12.6% 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.