Property investors have seen a 3.48% gain in RINGWOOD based on an increase 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 $878,000
Profits averaged 12.4% 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 $420 based on current median home prices for the suburb.
The gross rental yield in RINGWOOD, 3134 is 2.49%.
An average of 16.5 real estate transactions take place per month in RINGWOOD which translates to 198 per annum.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||8.33%||10.78%|
|Median 3 years||37.19%||29.14%|
|Median 5 years||77.37%||54.79%|
|10 years average annual||9.37%||7.64%|
|Weekly media advert. rent||$420||$360|
|Time on Market||56.4 days||56.4 days|
|Gross Rental Yield Percent||2.49%||3.31%|