Ringwood North is an average performer in VIC when comparing median price capital growth over the last year. Ringwood North gave property investors a average capital gain figure when compared to the rest of the state, with 9.55%.
Ringwood North,3134 has offered an average of 9.55% return per annum in house price rises to property investors over the last three years.
Vendor discounting in Ringwood North is giving property investors an average Vendor Discount of around -2.89%. This puts suburb at number 583th in VIC when ranking the most discounted suburbs.
At number 457 in a list of fastest selling suburbs, Ringwood North is in the TOP 20% of suburbs in Australia with an average of days on market 48.08 for properties listed there.
Investment property in Ringwood North has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 13.75%
While Ringwood North,3134 ranked number 194th in VIC for increase in median house value (annualised) increase, it is ranked 14th over the last 5 years.
A $370 per week rent on the median house gives suburb investors a gross yield of circa 2.82%, without taking into account capital value appreciation, which has been averaging out at 9.13%.