AREA REPORTS

Ringwood

 

 

VIC/
Ringwood

Suburb Profile

Ringwood - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3134

house
unit

Property investors have seen a -1.74% drop in RINGWOOD based on a decrease in median home prices for the past three months.

Based on its average 5-year and quarterly capital gains RINGWOOD, 3134 saw average growth in the long term.

The VIC suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $845,000

Profits averaged 3.92% per annum over a 3-year period, due to an upward trend in home prices in RINGWOOD, 3134.

This means, real estate investors could earn a rental income of $440 based on current median home prices for the suburb.

The gross rental yield in RINGWOOD, 3134 is 2.71%.

An average of 18.33 real estate transactions take place per month in RINGWOOD which translates to 220 per annum.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $845,000 $537,250
GROWTH REPORT
Median Quarterly -1.74% 0.21%
Median 12 month -4.25% -3.2%
Median 3 years 11.75% 14.31%
Median 5 years 55.05% 32.65%
10 years average annual 7.76% 5.85%
Weekly media advert. rent $440 $380
Time on Market 49.7 days 49.9 days
Gross Rental Yield Percent 2.71% 3.68%
demographics (median values)
Total Population
15185
Weekly Household Income
938.6
Household Size
2.30
demographics
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