Fraud Blocker

Ravenswood, WA 6208

Home » WA Real Estate Data » Shire of Murray, WA » Ravenswood, WA 6208

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Ravenswood, WA 6208 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

Lower Risk RCS™

Sign up to see the score

Capital Growth RCS™

Sign up to see the score

Cashflow RCS™

Sign up to see the score

FREE Investment Property Checklist

Secure your golden ticket to property investment success! Get our meticulously crafted Property Investment Checklist upon subscribing to our newsletter. It’s jam-packed with valuable insights from prime locations to specific building nuances.

Essentials
No Price Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

No Rent Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

Upgrade to Personal Plan to see Yield data.
Yield chart
Upgrade to Professional Plan to see Growth Rate Cycle data.
GRC chart
Fundamentals
Upgrade to Personal Plan to see IRSAD data.
IRSAD chart
Upgrade to Personal Plan to see U|H and R|O data.
Renters to owners pie chart
Upgrade to Personal Plan to see U|H and R|O data.
unit to houses pie charts
Upgrade to Personal Plan to see Demand Profile data.
Demand chart
Upgrade to Professional Plan to see Affordability Index data.
Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

Upgrade to Professional Plan to see Stock On Market trend.
SOM chart
Upgrade to Professional Plan to see Inventory trend.
Inventory chart
Upgrade to Professional Plan to see Building Approvals trend.
Inventory chart
Upgrade to Professional Plan to see Hold Period trend.
Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

Upgrade to Professional Plan to see Days On Market trend.
DOM chart
Upgrade to Professional Plan to see Vacancy Rate trend.
Inventory chart
Upgrade to Professional Plan to see Search Index trend.
Index chart
Upgrade to Professional Plan to see Clearance Rate trend.
Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

Have a question? You can either leave a comment below or post it on our forum.

0 thoughts on “Ravenswood, WA 6208”

  1. The total adult population (15 years or older) of Ravenswood 6208 WA is 1,980, with a median age of 41. Of those, 49.04% are married, 13.18% are divorced or separated, 30.40% are single and 7.22% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $6,476. The median monthly mortgage repayment for households in this suburb is $1,733 which is 26.76% of their earnings.

    Source: ABS Census Data (2021)

  2. Ravenswood, postcode 6208, is a quiet neighbourhood enveloped in the charm of Western Australia and is estimated to be home to approximately 1,392 households. Delving into its property market metrics as of the third quarter of 2023, for houses in the suburb, typical prices stand at a reasonable $511,644 coupled with median weekly rents hovering at $470. These figures give birth to an appealing indicative yield of 4.78%, which exceeds the minimum standard of 3% most cashflow-centred investors find attractive.

    Analysing the social-economic landscape, Ravenswood holds an IRSAD score of 934 out of 1,217, indicating a comparatively comfortable socio-economic status in the area commensurate with good employment opportunities and solid income levels. This is paired with an encouraging renter to owner ratio of only 14%, well below the threshold of 30%, securing lower competition and risk in the rental market.

    A low presence of units is noted in Ravenswood with a units to houses ratio at a scanty 1%, indicating a clear predominance of houses. This typically draws families and extended tenancy periods, adds further stability to the rental market and reduces the risk of unit oversupply if the market cools.

    With an affordability index positioned at 31 years, it roughly aligns with the standard 30-year mortgage term. However, it modestly hints at decreased affordability in the area — a vital parameter for investors to contemplate.

    In terms of supply, the stock on market Percentage for houses is at 0.65%, nesting within the neutral zone between 0.4% and 1.3%. The inventory level, or the Market Absorption Rate for houses, is measured at an acceptable range of 2.3 months. With a building approvals Ratio for houses at an optimal 0.43%, it minimizes the threat of oversupply.

    Demand metrics in Ravenswood paint an image of a market in high demand, with days on market for houses clocking on average at 34, falling below the threshold of 35 days. A phenomenal vacancy rate of just 0.51% clearly signals strong demand in the market as well.

    To corroborate the robustness of the demand side, the buy search index for this suburb sits favourably at 6, well above the average city/state value, suggesting an influx of potential buyers.

    Whilst some metrics fall towards the extremes, the overall picture suggests a robust and attractive market in Ravenswood for discerning property investors. Such an evaluation is streamlined with the assistance of tools such as the RCS developed by HtAG Analytics, which amalgamates over 80 metrics to deliver interactive and detailed data across the property market landscape.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

Leave a comment