Ravenswood, located in Greater Bendigo, VIC, presents an intriguing chapter in the region’s housing market. Known for its semi-rural charm, the area is becoming increasingly attractive to buyers looking for a quieter, more spacious lifestyle while still being within easy reach of Bendigo’s urban amenities. The housing market in Ravenswood features a mix of established homes with large plots of land, reflecting its rural heritage, and newer developments that are springing up. This mix has kept the market dynamic, with properties in the area typically offering more space compared to inner-city options. As interest in suburban and semi-rural living grows, Ravenswood stands out for providing both affordability and potential for investment. The demand for property here is steady as people look to escape more densely populated areas without sacrificing accessibility.
Living in Ravenswood offers residents a peaceful environment characterized by open spaces and a strong sense of community. The area is surrounded by natural beauty, including parks and reserves, which provide excellent opportunities for outdoor activities such as hiking and horseback riding. Convenience is another notable aspect; while Ravenswood enjoys a rural feel, it’s only a short drive to Bendigo, where residents have access to diverse shopping, dining, and cultural activities. The community here is tight-knit, with local events and gatherings fostering a spirit of camaraderie. This, combined with its scenic landscapes and close proximity to urban facilities, makes Ravenswood an appealing place for families, retirees, and professionals seeking a balanced lifestyle.
| Median Weekly Rent | $314.17 |
| Median Monthly Mortgage | $1705.67 |
| Median Persons Per bed houseroom | 0.77 |
| Average Household Size | 2.83 |
| Average Age | 48.00 |
| Average Income | $763.17 |
| Average Cars Per Dwelling | 2.48 |
| Average Properties Within 50M | 1 |
| Typical 2 bed house | $342,000 |
| Typical 3 bed house | $1,097,000 |
| Typical 4 bed house | $1,008,000 |
| Typical 5 bed house | $1,138,000 |
| Typical 6 bed+ house |
Housing Stock
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Thinking about buying in Ravenswood? Now could not be a better time, with just 244 residential dwellings it's a highly sought after location. The average property price in this area is in the region of $1,013,000 with prices in this suburb ranging from $254,000 to $2,182,000. The aproximate distance to the coast is 115 Km.
In Ravenswood there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Ravenswood is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. The slightly lower than average earnings from occupations in Ravenswood changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Medium density in Ravenswood necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Lower than average industry presence in Ravenswood we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Ravenswood a better buying opportunity than it may have been in the past.
Instant Property ValuationNone within suburb boundary
(While the above schools are located with the suburb of Ravenswood there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
| (mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
|---|---|---|---|---|---|---|---|
| Jan | 3.4 | 21.9 | 33.6 | 41.7 | 92.3 | 2.4 | 23.4 |
| Feb | 8.3 | 21.9 | 32.4 | 50.4 | 94.9 | 1.9 | 22.1 |
| Mar | 3 | 20.6 | 30.9 | 52.3 | 97.4 | 1.8 | 21.6 |
| Apr | 0.5 | 18.1 | 30.3 | 46.3 | 97 | 1.8 | 19.4 |
| May | 1.4 | 14.5 | 26.2 | 46.4 | 92.4 | 1.7 | 15.8 |
| Jun | 0.9 | 12.7 | 25.1 | 44.2 | 91.8 | 1.5 | 15.3 |
| Jul | 0.5 | 12.2 | 25.8 | 37 | 90.8 | 1.6 | 16.7 |
| Aug | 0.4 | 13.0 | 27.4 | 30.9 | 90.4 | 1.8 | 19 |
| Sept | 0.1 | 14.6 | 29.5 | 29.6 | 90.8 | 2.2 | 22.2 |
| Oct | 0.8 | 17.8 | 32.6 | 30.9 | 92.0 | 2.4 | 25.0 |
| Nov | 0.4 | 19.7 | 33.7 | 32.8 | 89.3 | 2.6 | 26.3 |
| Dec | 1.2 | 21.3 | 35.2 | 32.8 | 91.7 | 2.3 | 26.7 |
source: Australian Government Bureau of Meteorology
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