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AREA REPORTS

Ringwood East

Suburb Profile

Ringwood East - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3135

house
unit

Property investors enjoyed capital gains of 12.02% over the last 12 months in RINGWOOD EAST, translating to lower returns compared with its peers in VIC.

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 $437.5 based on current median home prices for the suburb.

On average, rents on listings have reached the $437.5 mark, reflecting a 2.6% increase in returns based on the current median price in RINGWOOD EAST.

RINGWOOD EAST, 3135 ranks 178th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 441st on the list of best yielding suburbs for rental properties in VIC, posting a 2.6% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $876,000 $631,250
GROWTH REPORT
Median Quarterly -0.57% -1.48%
Median 12 month 12.02% 3.48%
Median 3 years -1.57% -3.7%
Median 5 years 19.51% 23.53%
10 years average annual 5.96% 5.26%
Weekly media advert. rent $437.5 $400
Time on Market 38.6 days 46.2 days
Gross Rental Yield Percent 2.6% 3.3%
demographics (median values)
Total Population
9280
Weekly Household Income
973.6
Household Size
2.30
demographics
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