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Property investors have seen a -0.23% 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 $852,500
Profits averaged 7.85% 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 $439 based on current median home prices for the suburb.
The gross rental yield in RINGWOOD, 3134 is 2.68%.
An average of 5.17 real estate transactions take place per month in RINGWOOD which translates to 62 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $852,500 | $545,000 |
| GROWTH REPORT | ||
| Median Quarterly | -0.23% | 4.81% |
| Median 12 month | 0.65% | 3.76% |
| Median 3 years | 23.55% | 21.04% |
| Median 5 years | 67.16% | 41.93% |
| 10 years average annual | 7.9% | 5.88% |
| Weekly media advert. rent | $439 | $365 |
| Time on Market | 49.7 days | 64.7 days |
| Gross Rental Yield Percent | 2.68% | 3.48% |
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