Question 1

Is Ravenswood a nice place to live?

Accepted Answer

Ravenswood is a small riverside village on the Murray River in WA’s Peel region, defined by waterfront living, foreshore vegetation and a mix of older river shacks, modest brick homes and larger rural-residential blocks, many with direct river access. Daily life there centres on boating, fishing and birdwatching, and pockets of bushland and estuarine wetlands give the suburb a natural, low-density character. Local services are limited, with larger shops, schools and facilities a short drive away in neighbouring centres and regional roads providing the main links.

The community numbers 2,483 people, with a median age of 41 and a median total household income of $1,272 a week, roughly $66,100 a year.

Household composition is dominated by couple families: 47.9% are couple families without children and 36.3% are couple families with children, together making up 84.2% of families. One-parent families account for 14.8% and other families 1.0%.

Homes in Ravenswood are predominantly owner-occupied: 30.3% are owned outright and 52.9% are owned with a mortgage, so about 83.2% of homes are owner-occupied while 16.9% are rented, roughly one in six.

Question 2

Is it expensive to live in Ravenswood?

Accepted Answer

On the figures, renting a house in Ravenswood at $600 a week would take about 47.2% of a typical local household's weekly income as recorded at the most recent Census, which is a large share. Buying looks much further stretched: the median house price of $887,500 is about 13.4 times a typical local annual household income at the last Census, which sits well above what people locally earned then.

Which of those numbers matters most depends on whether you plan to rent or buy; whether that feels expensive will depend on your own income and circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Ravenswood a good place to invest?

Accepted Answer

House values in Ravenswood climbed 170.0% over the past 12 months, a very large increase in what a house was worth over the year.

For someone weighing Ravenswood up as an investment, that house-value movement points to substantial capital growth for houses during the 12-month period. There isn't enough recent data on unit values or rents to describe how those parts of the market moved. Whether this house-side change fits your plans depends on your own objectives and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$888K	N/A
Change in value Past 12 months	170.0%	N/A
Sold Past 3 months	22	N/A
Median days on market Past 12 months	12	N/A
Average rent Past 12 months	$600	N/A
Change in rent Past 12 months	N/A	N/A

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