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AREA REPORTS

Ringwood

Ringwood - SUBURB PROFILE REPORT

POSTAL CODE: VIC, 3134

house

unit

Property investors have seen a 0.39% 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 10.97%.

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 $900,000

Profits averaged 0% 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 $440 based on current median home prices for the suburb.

The gross rental yield in RINGWOOD, 3134 is 2.54%.

An average of 11.67 real estate transactions take place per month in RINGWOOD which translates to 140 per annum.

Data report can be found below

KEY PROPERTY DATA REPORT	HOUSE	UNIT
Median Price	$900,000	$628,000
GROWTH REPORT
Median Quarterly	0.39%	8.28%
Median 12 month	10.97%	18.94%
Median 3 years	0%	14.6%
Median 5 years	17.49%	35.05%
10 years average annual	5.75%	5.22%
Weekly media advert. rent	$440	$388.5
Time on Market	56.0 days	72.8 days
Gross Rental Yield Percent	2.54%	3.22%

demographics (median values)*

Total Population

32781

Weekly Household Income

1628

Household Size

2.70

Age

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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12 MONTH GROWTH

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Copacabana

47.55%
Millswood

47.18%
Modbury

46.53%
Blue Bay

46.48%
Lake Cargelligo

46.43%
Berrigan

45.98%
Newington

45.91%
Glenorie

45.02%
Flora Hill

44.42%
Bayswater

44.14%

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Ringwood