Homeowners and real estate investors betting on RINGWOOD NORTH, 3134 can rest assured about this VIC suburb's performance. The suburb saw median home prices rise by 10.68%.
A steady increase in median property prices over a five-year period in the suburb translates to a 39.14% capital gain.
Property investors in RINGWOOD NORTH enjoyed capital gains of 10.68% 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 $974,000.
Profits due to an upward trend in home prices there averaged 13.05% per annum over a 3-year period.
Home owners selling their properties and realtors in RINGWOOD NORTH usually have to wait an average of 43.6 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $460 mark, reflecting a 2.46% increase in returns based on the current median price in RINGWOOD NORTH.
RINGWOOD NORTH, 3134 places 401st in Australia based on median property value growth during the quarter.
Property investors in RINGWOOD NORTH enjoyed capital gains of 4.03% over the last 12 months translating to lower returns compared with its peers in the territory.
Figures from the previous quarter show that capital gains for real estate buyers in RINGWOOD NORTH are low, as opposed to average gains per annum over the past five years.
RINGWOOD NORTH posted a 26.95% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.
Real estate investors could earn a rental income of $380 based on current median home prices for the suburb.
Average weekly rents on listings have reached the $380 mark, reflecting a 2.64% increase in returns based on the current median price in RINGWOOD NORTH.
RINGWOOD NORTH, 3134 ranks 239th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.
RINGWOOD NORTH ranks 365th on the list of best yielding suburbs for rental properties in VIC, posting a 2.64% return.
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