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RingwoodRingwood - SUBURB PROFILE REPORT
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Property investors have seen a 3.11% gain in RINGWOOD based on an increase in median home prices for the past three months.
Homeowners and real estate investors betting on RINGWOOD, 3134 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 12.46%.
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 $1,029,000
Profits averaged 7.26% 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 $450 based on current median home prices for the suburb.
The gross rental yield in RINGWOOD, 3134 is 2.27%.
An average of 18.33 real estate transactions take place per month in RINGWOOD which translates to 220 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,029,000 | $627,250 |
| GROWTH REPORT | ||
| Median Quarterly | 3.11% | -0.59% |
| Median 12 month | 12.46% | 4.16% |
| Median 3 years | 21.78% | 17.24% |
| Median 5 years | 28.58% | 26.72% |
| 10 years average annual | 7.9% | 5.35% |
| Weekly media advert. rent | $450 | $390 |
| Time on Market | 46.3 days | 50.7 days |
| Gross Rental Yield Percent | 2.27% | 3.23% |
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