VIC/
Ringwood east

Suburb Profile

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

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unit

Property investors enjoyed capital gains of 9.07% 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.

The suburb posted a 41.49% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $420 based on current median home prices for the suburb.

On average, rents on listings have reached the $420 mark, reflecting a 2.45% increase in returns based on the current median price in RINGWOOD EAST.

RINGWOOD EAST, 3135 ranks 408th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 466th on the list of best yielding suburbs for rental properties in VIC, posting a 2.45% return.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $890,000 $635,000
GROWTH REPORT
Median Quarterly -0.84% -1.55%
Median 12 month 9.07% 11%
Median 3 years 41.49% 44.32%
Median 5 years 78.71% 67.11%
10 years average annual 8.22% 7.89%
Weekly media advert. rent $420 $357.5
Time on Market 45.8 days 37.9 days
Gross Rental Yield Percent 2.45% 2.93%
demographics (median values)
Total Population
9280
Weekly Household Income
973.6
Household Size
2.30
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Capital Gains Tax (CGT) Calculator

Ringwood East, VIC
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