VIC/
Ringwood

Suburb Profile

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

house
unit

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 Price $878,000 $565,000
GROWTH REPORT
Median Quarterly 3.48% 8.45%
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%
demographics (median values)
Total Population
15185
Weekly Household Income
938.6
Household Size
2.30
demographics
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Education
Household Income
Labour Force
Marital Status
Occupation
Religious Affiliation
Tenure Type
promoted stories