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Sales Activity
Curious about local property values? Filter the chart to assess the volume and appreciation (including resales) trends and regional comparisons, or scroll to the map below view this information at an individual property level.
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Sales Detail
Population
Ravenswood is positioned among the lower quartile of areas assessed nationally for population growth based on AreaSearch's assessment of recent, and medium term trends
Ravenswood's population, as of Aug 2025, is approximately 3,975. This figure represents an increase of 171 people since the 2021 Census, which recorded a population of 3,804. The growth is inferred from ABS data showing an estimated resident population of 3,969 as of June 2024 and 49 validated new addresses since the Census date. This results in a population density of 397 persons per square kilometer. Ravenswood's 4.5% growth since 2021 surpassed the SA3 area average of 3.6%, indicating it as a region leader in growth. Interstate migration contributed approximately 39.6% to recent population gains, with all factors including natural growth and overseas migration being positive influences.
AreaSearch uses ABS/Geoscience Australia projections for each SA2 area, released in 2024 with a base year of 2022. For areas not covered by this data, Tasmania State Government's Regional/LGA projections from 2022, using 2021 as the base year, are adopted and adjusted employing weighted aggregation methods. Future demographic trends suggest Ravenswood will experience population growth just below Australia's regional median, with an expected increase of 308 persons to 2041, reflecting a total increase of 7.6% over those 17 years.
Frequently Asked Questions - Population
Development
AreaSearch analysis of residential development drivers sees Ravenswood recording a relatively average level of approval activity when compared to local markets analysed countrywide
Ravenswood has averaged approximately 17 new dwelling approvals annually. The Australian Bureau of Statistics produces development approval data on a financial year basis, with 89 dwellings approved between FY21 and FY25, and none recorded so far in FY26. On average, each dwelling over the past five financial years has accommodated around 2.5 new residents. This consistent demand supports property values, with new homes being built at an average expected construction cost of $250,000, which is below regional levels, offering more affordable housing options for buyers.
In FY26, commercial approvals totaling $80,000 have been registered, indicating minimal commercial development activity in the area. Compared to the Rest of Tas., Ravenswood maintains similar construction rates per capita, maintaining market balance with the broader area, although recent construction activity has slightly decreased. Recent developments consist of 82.0% standalone homes and 18.0% townhouses or apartments, preserving the area's traditional low-density character focused on family homes.
The estimated population density is approximately 365 people per dwelling approval, reflecting Ravenswood's quiet development environment. By 2041, Ravenswood is projected to grow by 302 residents. Given current development patterns, new housing supply should meet demand, providing favorable conditions for buyers and potentially facilitating further population growth beyond current projections.
Frequently Asked Questions - Development
Infrastructure
Ravenswood has limited levels of nearby infrastructure activity, ranking in the 10thth percentile nationally
AreaSearch identified nine projects expected to influence the local area's performance. Key projects are Ravenswood Subdivision, Housing Land Supply Ravenswood Order, 38A Faulkner Road Rural Living Rezoning and Subdivision, UTAS Stadium Redevelopment. The following list details those most likely relevant.
Professional plan users can use the search below to filter and access additional projects.
INFRASTRUCTURE SEARCH
Frequently Asked Questions - Infrastructure
Launceston Hospice
A purpose-built 12-bed palliative care hospice facility located at the historic Allambi Building within the Launceston General Hospital precinct. The facility is designed to replicate a home-like environment, providing dignity, access and connectivity to established gardens and courtyards. It will operate 24 hours a day, seven days a week, offering inpatient and respite care services for community members with life-limiting conditions and their families and carers. Designed by Jaws Architects, the project represents the first dedicated public palliative care hospice in Northern Tasmania since the closure of Phillip Oakden House in 2007. Planning approval was granted by City of Launceston in May 2025, with construction tender advertised shortly after.
Northern Suburbs Community Recreation Hub (The Hub)
Tasmania's largest multi-purpose community sporting and recreation facility featuring over 10,000 square metres of indoor space. The Hub includes 7 indoor courts (4 netball, 3 multi-use), rock climbing walls, gymnastics area, gym, boxing and weightlifting facilities, cafe, spectator seating for 200, youth engagement areas, and community gathering spaces for up to 800 people. Stage 3 expansion is planned to add 4 additional courts, expanding to 15,000 square metres. The project is funded through a tri-government partnership under the Launceston City Deal.
UTAS Stadium Redevelopment
A transformational $130 million redevelopment of UTAS Stadium in Launceston to create a world-class sporting and entertainment venue. The project includes construction of a new Centre West Stand with premium seating, corporate facilities and media spaces, a completely redeveloped Eastern Stand with 3,629 new seats and modern amenities, Western Stand infill seating adding 45 accessible seats, upgraded sports lighting, and improved matchday facilities. Main construction commenced in September 2025 with Tasmanian firm Fairbrother Pty Ltd. The upgrade will bring the stadium to Australian Tier 2 venue guidelines ahead of the Tasmania Football Club's entry into the AFL and AFLW competitions in 2028. The venue will continue hosting major sporting events throughout the construction period including Hawthorn AFL games, AFLW matches, and Tasmania Football Club fixtures.
Northern Suburbs Community Recreation Hub
A $43.6 million community sport and recreation hub in northern Launceston delivering nine indoor courts (including four dedicated netball courts), rock climbing, gymnastics, gym/boxing/weightlifting spaces, meeting rooms, office and community service areas, a cafe and spectator amenities. Stage 2 main works are being delivered by Vos Construction & Joinery; Infrastructure Tasmania reports the project at about 62% completion as of 13 Aug 2025 with opening targeted for Q1 2026.
Launceston General Hospital Mental Health Precinct
New Northern Mental Health Precinct featuring 30-bed urgent care unit, Recovery College, 5-bed Short Stay Unit, and Safe Haven. Site preparation works began early 2025, construction expected to begin late 2025. Part of broader LGH redevelopment masterplan.
UTAS Stadium Redevelopment
A $130 million upgrade of UTAS Stadium (York Park) including a new Centre West Stand, expanded western infill seating, a redeveloped eastern stand with plaza entry, upgraded matchday facilities, corporate and media spaces, improved lighting and LED ribbon board, and amenities to support elite training and major events. Delivery has transferred to Stadiums Tasmania with main works development application approved and tenders progressed; completion is targeted for early 2027.
Ravenswood Subdivision
A planned subdivision on a 12.6 hectare site at 50 Wildor Crescent, Ravenswood, delivering approximately 100 residential lots ranging from 501 square metres to 1863 square metres. The development includes 4421 square metres of public open space and a new road with two junctions to Wildor Crescent. Most lots will initially be available through the MyHome shared equity program, with open market sales after 30 days. The site was transferred to Homes Tasmania in June 2023 under a Housing Land Supply Order.
NTCA Sports Complex Redevelopment
Redevelopment of the NTCA Sports Complex to provide expanded fit-for-purpose facilities for soccer, cricket, and football, including refurbished grounds, new indoor and outdoor cricket training facilities, improved access and additional parking, and a new shared function centre with gymnasium, change rooms, toilets, commercial kitchen, and seating for 350. Addresses safety, operational, and accessibility issues.
Employment
Employment conditions in Ravenswood face significant challenges, ranking among the bottom 10% of areas assessed nationally
Ravenswood's workforce spans white and blue collar jobs across various sectors with an unemployment rate of 13.6% as of June 2025. 1,400 residents are employed, but the unemployment rate is higher than Rest of Tas.'s 3.9%, indicating room for improvement.
Workforce participation lags at 47.7%. Leading industries include health care & social assistance, retail trade, and accommodation & food. The area specializes in administrative & support roles, with an employment share 2.6 times the regional level. Agriculture, forestry & fishing employs only 2.9% of local workers, below Rest of Tas.'s 8.4%.
Over a 12-month period ending June 2025, labour force decreased by 1.5% and employment by 0.6%, leading to an unemployment rate drop of 0.8 percentage points. State-level data to Sep-25 shows TAS employment grew by 0.77% year-on-year, with a state unemployment rate of 4.3%. National forecasts from Jobs and Skills Australia project national employment growth of 6.6% over five years and 13.7% over ten years. Applying these projections to Ravenswood's employment mix suggests local growth of approximately 6.0%% over five years and 12.9% over ten years.
Frequently Asked Questions - Employment
Income
Income metrics place the area in the bottom 10% of locations nationally according to AreaSearch analysis
AreaSearch's latest postcode level ATO data for financial year 2022 shows income in Ravenswood is below the national average. The median assessed income is $34,458 and the average income stands at $43,337. This contrasts with Rest of Tas., where the median income is $47,358 and the average income is $57,384. Based on Wage Price Index growth of 11.94% since financial year 2022, current estimates for Ravenswood would be approximately $38,572 (median) and $48,511 (average) as of March 2025. Census data reveals household, family and personal incomes in Ravenswood all fall between the 1st and 3rd percentiles nationally. Income brackets indicate that the $400 - $799 bracket dominates with 34.5% of residents (1,371 people), differing from the broader area where the $1,500 - $2,999 category predominates at 28.5%. Economic circumstances reflect widespread financial pressure, with 46.9% of households operating within modest weekly budgets below $800. Housing affordability pressures are severe, with only 80.3% of income remaining, ranking at the 3rd percentile.
Frequently Asked Questions - Income
Housing
Ravenswood is characterized by a predominantly suburban housing profile, with a higher proportion of rental properties than the broader region
As per the latest Census evaluation in Ravenswood, 79.7% of dwellings were houses, with the remaining 20.3% comprising semi-detached homes, apartments, and other dwelling types. In comparison, Non-Metro Tas. had 82.1% houses and 17.9% other dwellings. Home ownership in Ravenswood stood at 22.2%, with mortgaged dwellings at 26.4% and rented ones at 51.4%. The median monthly mortgage repayment was $867, lower than Non-Metro Tas.'s average of $1,300 and significantly below the national average of $1,863. The median weekly rent in Ravenswood was recorded at $225, compared to Non-Metro Tas.'s $280 and substantially lower than the national figure of $375.
Frequently Asked Questions - Housing
Household Composition
Ravenswood features high concentrations of lone person households, with a fairly typical median household size
Family households account for 63.0% of all households, including 18.7% couples with children, 18.7% couples without children, and 24.0% single parent families. Non-family households make up the remaining 37.0%, with lone person households at 33.6% and group households comprising 3.3% of the total. The median household size is 2.3 people, which matches the average for the Rest of Tas.
Frequently Asked Questions - Households
Local Schools & Education
Ravenswood faces educational challenges, with performance metrics placing it in the bottom quartile of areas assessed nationally
The area's university qualification rate is 7.4%, significantly lower than Australia's average of 30.4%. This disparity presents both a challenge and an opportunity for targeted educational initiatives. Bachelor degrees are the most common (5.3%), followed by postgraduate qualifications (1.5%) and graduate diplomas (0.6%). Vocational credentials are prevalent, with 35.4% of residents aged 15+ holding them – advanced diplomas at 6.0% and certificates at 29.4%.
Educational participation is high, with 29.6% of residents currently enrolled in formal education. This includes 14.1% in primary, 8.2% in secondary, and 1.9% in tertiary education. Ravenswood Heights Primary School and Northern Support School serve a total of 380 students. Ravenswood has varied educational conditions, with one primary school and one K-12 school. The area has fewer school places per 100 residents (9.6) compared to the regional average (18.4), indicating some students may attend schools in nearby areas.
Frequently Asked Questions - Education
Schools Detail
Nearby Services & Amenities
Transport
Transport servicing is good compared to other areas nationally based on assessment of service frequency, route connectivity and accessibility
Ravenswood has 25 active public transport stops, all of which are bus stops. These stops are served by 20 different routes that together facilitate 1,517 weekly passenger trips. The average distance from residents' homes to the nearest transport stop is 157 meters, indicating excellent accessibility.
On average, there are 216 trips per day across all routes, which amounts to roughly 60 weekly trips per individual stop.
Frequently Asked Questions - Transport
Transport Stops Detail
Health
Health performance in Ravenswood is a key challenge with a range of health conditions having marked impacts on both younger and older age cohorts
Ravenswood faces significant health challenges, with various conditions affecting both younger and older residents. Private health cover is low, at approximately 47% (around 1,852 people), compared to 50.6% across Rest of Tas., and the national average of 55.3%. Mental health issues and asthma are the most common medical conditions, affecting 13.4 and 12.6% of residents respectively.
However, 54.2% report having no medical ailments, compared to 63.9% across Rest of Tas.. The area has 16.8% (667 people) aged 65 and over, lower than the 19.9% in Rest of Tas.. Health outcomes among seniors are challenging, broadly aligning with the general population's health profile.
Frequently Asked Questions - Health
Cultural Diversity
The latest Census data sees Ravenswood placing among the least culturally diverse areas in the country when compared across a range of language and cultural background related metrics
Ravenswood's cultural diversity was found to be below average. Its population is predominantly composed of citizens (89.4%), people born in Australia (92.8%), and those who speak English only at home (96.3%). Christianity is the dominant religion, with 35.0% of Ravenswood's population adhering to it.
However, there was an overrepresentation in the 'Other' category, which comprised 0.8% of the population compared to Rest of Tas.'s 1.1%. In terms of ancestry, the top three represented groups were English (36.6%), Australian (34.1%), and Australian Aboriginal (7.3%).
Frequently Asked Questions - Diversity
Age
Ravenswood's population is slightly younger than the national pattern
Ravenswood has a median age of 36, which is lower than the Rest of Tas. figure of 45 and also lower than the national norm of 38. The 5-14 age group comprises 15.3% of Ravenswood's population, higher than the Rest of Tas., while the 65-74 cohort makes up 9.1%. According to the 2021 Census, the 25 to 34 age group has increased from 13.8% to 14.8%, but the 45 to 54 cohort has decreased from 13.5% to 12.1%, and the 65 to 74 group has dropped from 10.1% to 9.1%. By 2041, Ravenswood's age profile is projected to change significantly. The 15 to 24 group is expected to grow by 20%, reaching 650 people from the current 542. Meanwhile, population declines are forecast for the 65 to 74 and 35 to 44 age groups.