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Ringwood
AREA REPORTS

Ringwood

Ringwood - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3134

house
unit

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.

Data report can be found below

Ringwood
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%
demographics (median values)*
Total Population
32781
Weekly Household Income
1628
Household Size
2.70
Age
38
Monthly Loan Repayment
1900
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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