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Ridgewood

POSTAL CODE: WA, 6030
HOUSE

Property investors have seen a 2.74% gain in RIDGEWOOD based on an increase in median home prices for the past three months.

Homeowners and real estate investors betting on RIDGEWOOD, 6030 can rest assured about this WA suburb's performance. The suburb saw median home prices rise by 15.38%.

Based on its average 5-year and quarterly capital gains RIDGEWOOD, 6030 saw average growth in the long term.

The WA suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $750,000

Profits averaged 24.67% per annum over a 3-year period, due to an upward trend in home prices in RIDGEWOOD, 6030.

This means, real estate investors could earn a rental income of $650 based on current median home prices for the suburb.

The gross rental yield in RIDGEWOOD, 6030 is 4.51%.

An average of 6.92 real estate transactions take place per month in RIDGEWOOD which translates to 83 per annum.

Surburb overview

Ridgewood is a suburb located approximately 37 kilometres north of Perth's central business district, within the City of Wanneroo in Western Australia. Established in 1998, it covers an area of about 1.7 square kilometres and borders Butler to the north, Merriwa to the west, Clarkson to the south, and Nowergup to the east. 

As of the 2021 census, Ridgewood had a population of 4,623, with a median age of 32. The community comprises a mix of families, professionals, and retirees, contributing to a diverse demographic profile. 

The suburb predominantly features separate houses, with an average home owned with a mortgage by couples with children. The median house price in Ridgewood is approximately $611,000, reflecting a 33.3% sales growth. Rental prices have also seen an 11.1% growth, with a median rental price of $600 per week. 

Ridgewood is primarily a residential suburb with limited commercial facilities. However, it is close to neighbouring suburbs such as Butler, Merriwa, and Clarkson, which offer a range of shops and services, including the Ocean Keys Shopping Centre in Clarkson. The suburb contains several parks, with Ridgewood Park being the largest, featuring a sports pitch and a large pond. 

The West Coast Language Development Centre is the only educational establishment in Ridgewood serving language-disabled children. The nearest primary school is Merriwa Primary School, while secondary students typically attend Clarkson Community High School. 

Ridgewood is bordered by the Mitchell Freeway to the east, providing access to Perth and surrounding areas. Public transportation includes bus routes connecting to Clarkson railway station, the nearest central transport hub. 

Ridgewood's combination of suburban tranquillity, accessibility, and proximity to amenities contributes to its appeal as a residential suburb within the Perth metropolitan area. 

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