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Raywood suburb profile

Raywood is a small rural town located in Victoria's Loddon Shire, approximately 25km north of Bendigo. Known for its tranquil country atmosphere, Raywood offers a peaceful lifestyle amidst picturesque landscapes. The town is characterized by its close-knit community and agricultural heritage, with farming playing a significant role in the local economy. Raywood provides basic amenities and services, with more comprehensive facilities available in nearby Bendigo. Its serene environment and friendly community make it an appealing choice for those seeking a quieter, rural lifestyle while still being within reach of a regional city.

Raywood property market performance

Raywood’s property market has remained static over the past 12 months, with no change in median house or unit values. The current median house and unit prices are both at $0, indicating a lack of market activity or available data. Only one house was sold in the past year, and no units were sold, reflecting minimal sales activity in the area.

With no recorded median days on market for houses or units over the last three months, it suggests a stagnant market with little to no transactions. Additionally, there has been no change in rental prices for houses or units, with average rents also at $0, further indicating a lack of rental market activity in Raywood.

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Raywood demographics

Raywood, a small rural suburb in Victoria, offers a tranquil lifestyle with a close-knit community feel. With a population of just 329, it is a place where everyone knows their neighbors, fostering a strong sense of community and belonging. The median age of 47 suggests a mature population, with many residents likely enjoying the peace and quiet that comes with country living.

The suburb's family structure is predominantly made up of couple families, with 42.5% having children and 48.3% without. This indicates a balanced mix of young families and older couples who may have grown children. The presence of one-parent families is relatively low at 9.2%, and there are no other family types recorded, highlighting the traditional family setup prevalent in Raywood.

Property ownership in Raywood is notably high, with 48.1% of homes owned outright and another 48.1% owned with a mortgage. This reflects a stable housing market where residents have a strong commitment to their properties. The rental market is minimal, with only 3.8% of properties being rented, suggesting that Raywood is more appealing to those looking to settle down permanently rather than transient renters.

Overall, Raywood offers a serene and stable environment, ideal for those seeking a slower pace of life away from the hustle and bustle of larger cities. Its strong community ties and high property ownership rates make it an attractive option for families and retirees looking for a peaceful place to call home.

Suburbs near Raywood

Some popular suburbs near Raywood include:

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