Suburb Profile
Ringwood - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3134
Property investors have seen a 1.63% 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 $874,000
Profits averaged 10.48% 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 $425 based on current median home prices for the suburb.
The gross rental yield in RINGWOOD, 3134 is 2.53%.
An average of 8.17 real estate transactions take place per month in RINGWOOD which translates to 98 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $874,000 | $535,000 |
| GROWTH REPORT | ||
| Median Quarterly | 1.63% | -0.93% |
| Median 12 month | 8.03% | -0.07% |
| Median 3 years | 31.43% | 21.59% |
| Median 5 years | 73.58% | 38.96% |
| 10 years average annual | 8.2% | 5.93% |
| Weekly media advert. rent | $425 | $360 |
| Time on Market | 66.7 days | 54.7 days |
| Gross Rental Yield Percent | 2.53% | 3.5% |
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