The Ravenswood property market recorded a median dwelling price of $820,000 during August, 23.6% higher than 12 months earlier. Four sales were recorded and 10 properties were listed for sale.
The median selling period was 21 days. The reported median residential land price was $667,000.
The Ravenswood rental market recorded a median rent of $620 per week, although only one property was leased and one property was listed for rent.
What This Means
The rise in the reported median is notable, but low sales volumes mean monthly Ravenswood house price movements should be interpreted carefully. The same caution applies to the rental figures because they are based on very limited activity.
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