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Ravenhall, VIC 3023
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,800,000
market range $800K-$1.8M
Median Unit
$535,000
list-price estimate
Gross Yield (houses)
1.7%
1yr Growth
-
Investment snapshot for Ravenhall
Ravenhall has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Ravenhall market and investor summary
In Ravenhall, VIC 3023, the median house sells for around $1.8M, on a gross rental yield of 1.7% for houses. At 1.1% vacancy, it is a tight rental market that favours landlords.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 1.7% will not cover holding costs in the early years, so the case leans on price appreciation. Rental demand looks steady, with vacancy at 1.1% and a resident base that is not shrinking.
Living in Ravenhall: people, income and schools
Ravenhall has a resident population of roughly 2,295, a number that has held fairly steady over five years. At a median age of 33, it reads as broadly working-age, with renters making up 50% of households.
The typical household income runs to around $50,000 a year (about $970 a week). On socio-economic measures it ranks around the national middle on the ABS advantage index (6 out of 10). Locally, around 32% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.
Families have 22 schools within roughly 5km to choose from, testing close to the national school average on ICSEA. Ravenhall sits about 20 km from the CBD. It is fairly car-dependent; the suburb scores 16 for walkability out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.
- Population
- 2,295
- +3% over 5yr
- Median age
- 33 years
- Median household income
- $50,000/yr
- Households renting
- 50%
- Family households
- 29%
- Socio-economic rank
- 6/10
- ABS advantage index
- Schools within 5km
- 22
- avg ICSEA 1010
- Unemployment
- 5.4%
- Distance to CBD
- 20 km
- Walk score
- 16/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Ravenhall
View all →Frequently asked questions about Ravenhall
What should I check before investing in Ravenhall?
Ravenhall has enough public data for first-pass screening across yield, vacancy, price and supply signals. Tight rental market (1.1% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Ravenhall?
The median property price in Ravenhall, VIC 3023 is $1.8M for houses.
What rental yield does Ravenhall show?
The gross rental yield in Ravenhall is 1.7% for houses and 3.2% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
How tight is the rental market in Ravenhall?
The current vacancy rate in Ravenhall is 1.1%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Ravenhall?
Ravenhall has a population of approximately 2,295 residents, with a median age of 33.
What schools are near Ravenhall?
There are 22 schools within roughly 5km of Ravenhall. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Ravenhall's population growing?
The population of Ravenhall has grown modestly, about 3% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Ravenhall from the CBD?
Ravenhall is about 20 km from the CBD.
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