Ringwood North

POSTAL CODE: VIC, 3134
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A steady increase in median property prices over a five-year period in the suburb translates to a 3.58% capital gain.

Property investors in RINGWOOD NORTH enjoyed capital gains of 2.73% over the last 12 months translating to lower returns compared with its peers in the territory.

The 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 $1,243,000.

Profits due to an upward trend in home prices there averaged 1.19% per annum over a 3-year period.

Home owners selling their properties and realtors in RINGWOOD NORTH usually have to wait an average of 43.2 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $657.5 mark, reflecting a 2.75% increase in returns based on the current median price in RINGWOOD NORTH.

RINGWOOD NORTH, 3134 places 247th in Australia based on median property value growth during the quarter.

Surburb overview

Ringwood North is a suburb located approximately 26 kilometres east of Melbourne's Central Business District, within the Cities of Maroondah and Manningham. According to the 2021 Census, it has a population of 9,964 residents.

The suburb is characterised by its hilly terrain, tree-lined streets, and well-maintained gardens, contributing to a peaceful and safe environment. Residents often highlight the abundance of birdlife and the suburb's natural beauty.

Ringwood North offers several parks and recreational facilities, providing residents with ample opportunities for outdoor activities. The Mullum Mullum Creek, which flows through the area, is surrounded by parklands and trails, making it a popular spot for walking and cycling.

The suburb is well-served by shopping centres, including local shops and services that cater to the daily needs of residents. Residents can access the nearby Eastland Shopping Centre in Ringwood for more extensive shopping options.

In terms of transportation, Ringwood North is primarily a residential area with limited public transport options. However, nearby Ringwood provides access to the Lilydale and Belgrave railway lines, connecting residents to Melbourne's public transport network.

Educational facilities in Ringwood North include Ringwood North Primary School and Ringwood Heights Primary School, providing quality education options for families in the area.

In terms of housing, Ringwood North offers a mix of property types, including standalone houses and townhouses, catering to diverse lifestyle needs. The suburb's green spaces and proximity to essential services make it an attractive location for families, professionals, and retirees.

Ringwood North provides a harmonious blend of residential living, essential services, and recreational opportunities, making it a desirable suburb for those seeking a balanced lifestyle.

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