Ringwood East

POSTAL CODE: VIC, 3135

HOUSE

UNIT

Figures from the previous quarter show that capital gains for real estate buyers in RINGWOOD EAST are low, as opposed to average gains per annum over the past five years.

This number can mean, real estate investors could earn a rental income of $630 based on current median home prices for the suburb.

On average, rents on listings have reached the $630 mark, reflecting a 3.25% increase in returns based on the current median price in RINGWOOD EAST.

RINGWOOD EAST, 3135 ranks 615th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 385th on the list of best yielding suburbs for rental properties in VIC, posting a 3.25% return.

Property investors have seen a -0.66% drop in RINGWOOD EAST based on a decrease in median home prices for the past three months.

Based on its average 5-year and quarterly capital gains RINGWOOD EAST, 3135 saw average growth in the long term.

RINGWOOD EAST, 3135 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 $755,000.

Profits due to an upward trend in home prices in RINGWOOD EAST, 3135 averaged 1.77% per annum over a 3-year period.

This number can mean, real estate investors could earn a rental income of $550 based on current median home prices for the suburb.

The gross rental yield in RINGWOOD EAST, 3135 is 3.79%.

An average of 9.5 real estate transactions take place per month in RINGWOOD EAST which translates to 114 per annum.

Surburb overview

Ringwood East is a suburb of Maroondah, approximately 26 kilometres east of Melbourne's Central Business District. According to the 2021 Census, it has a population of 21,132.

The suburb is known for its leafy streets and family-friendly atmosphere. Ringwood East offers a variety of parks and recreational facilities. Wombalano Park is a preserved area of native vegetation and wildlife, providing residents with opportunities to connect with nature. Gracedale Park is a well-kept park ideal for strolls and family outings. Ringwood Lake Park, featuring walking trails and scenic views, is popular for picnics and outdoor activities.

The suburb is well-served by shopping centres with local shops and cafes. The nearby Eastland Shopping Centre caters to daily needs and provides diverse dining options.

Ringwood East is serviced by the Lilydale railway line, with the Ringwood East railway station providing residents with convenient access to Melbourne and surrounding areas.

Educational facilities in Ringwood East include quality schools, fostering a tight-knit community.

In terms of housing, Ringwood East offers a mix of renovated traditional-style homes and brand-new apartments catering to diverse lifestyle needs.

Ringwood East provides a harmonious blend of residential living, essential services, and recreational opportunities, making it an attractive suburb for families and individuals seeking a balanced lifestyle.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,009,000	$755,000
Growth Report
Median Quarterly	-3.9%	-0.66%
Median 12 month	-5.48%	2.83%
Median 3 years	4.32%	5.3%
Median 5 years	17.33%	19.84%
10 years average annual	3.35%	3.95%
Weekly media advert. rent	$630	$550
Time on Market	36.3 days	32.7 days
Gross Rental Yield Percent	3.25%	3.79%

Demographics (Median Values)*

Total Population 19956

Weekly Household Income 1606

Household Size 2.60

Average Age 39

Monthly Loan Repayment 1863

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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