Giving property investors a an average capital gain of 6.23% for the last year, Ringwood North, 3134 is the 1700th highest performer in Australia in this respect.
While Ringwood North,3134 ranked number 442th in VIC for increase in median house value (annualised) increase, it is ranked 121th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Ringwood North is offering property investors an average of -6.04. This rate of discount on properties puts Suburb at number 463th in terms of most discounted suburbs in VIC
In the last year 118 properties changed hands in Ringwood North, which puts it as the 219th most active market in VIC when comparing the number of sales per suburb.
A $447.5 per week rent on the median house gives suburb investors a gross yield of circa 2.90%, without taking into account capital value appreciation, which has been averaging out at 7.72%.
Ringwood North is in the bottom 40% in VIC when comparing median price capital growth over the last year. Ringwood North gave property investors a disappointing capital gain figure when compared to the rest of the state, with 1.25%.
While Ringwood North,3134 ranked number 132th in VIC for increase in median house value (annualised) increase, it is ranked 122th over the last 5 years.
Advertised rents are around the $360 mark per week – giving a return of 3.08% based on the median price in Suburb