Investment property in Ringwood North has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 6.76%
Over the longer term, Ringwood North has seen property prices show investors a 34.35% return over the last 3 years. This is worse than over the last 12 months
The most recent median price for Ringwood North is $790000, with sellers offering an average of -5.42% off the asking price.
Advertised rents are around the $445 mark per week – giving a return of 2.93% based on the median price in Suburb
Over the last year, property investments in Ringwood North, 3134 have given investors a capital gain of 0.00%. This compares badly with the 4.09% for VIC as a whole.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Ringwood North has increased when compared to the 5 year average annual rate.
On average over the past year, suburb has had 1.92 sales per month, which equates to 23 per year.
Renters in Suburb are facing rents around $4440 per annum or $370 every week.