Suburb Profile Report for Ringwood North VIC (3134)

Ringwood North House: Median price $840,000, Annual capital growth 7.51%, Number of sales 121, Weekly median advertised rent $440

Ringwood North Unit: Median price $720,000, Annual capital growth 9.89%, Number of sales 15, Weekly median advertised rent $360

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Ringwood North have tracked close to the VIC average of 8.12% over the last 12 months.

Over the longer term, Ringwood North has seen property prices show investors a 31.25% return over the last 3 years. This is worse than over the last 12 months

LACK OF BUYER INTEREST may well be the reason that Ringwood North is offering property investors an average of -6.00. This rate of discount on properties puts Suburb at number 574th in terms of most discounted suburbs in VIC

Renters in Suburb are facing rents around $5280 per annum or $440 every week.

Ringwood North is in the TOP 10% in VIC when comparing median price capital growth over the last year. Ringwood North gave property investors a very good capital gain figure when compared to the rest of the state, with 20.00%.

While Ringwood North,3134 ranked number 8th in VIC for increase in median house value (annualised) increase, it is ranked 7th over the last 5 years.

Advertised rents are around the $360 mark per week – giving a return of 2.60% based on the median price in Suburb

HOUSE UNIT
$840,000 $720,000
3.58% 14.29%
7.69% 20.00%
7.51% 9.89%
$440 $360
121 15
2.72% 2.60%
49.19 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
Find a mortgage broker in Ringwood North VIC
Demographics
Total population 9656
Median household income ($/weekly) 1690
Median age of persons 40
Median housing loan repayment ($/monthly) 1842
Average household size 2.9
  • Census Count Percent(%)
    5-14 years 1318 13.6
    25-34 years 909 9.4
    35-44 years 1419 14.7
    45-54 years 1517 15.7
    55-64 years 1250 12.9
    Others 3244 33.6
    Age Group
    Census Count Percent(%)
    Registered Married 4212 58.5
    Not Married 2567 35.6
    Defacto Relationship 426 5.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 7488 79.7
    Japan 126 1.3
    Papua New Guinea 110 1.2
    United Kingdom 480 5.1
    Other 294 3.1
    Others 895 9.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 126 1.4
    Christianity 6201 69.1
    Islam 47 0.5
    Other Religious Groups 57 0.6
    No Religion 2491 27.7
    Others 57 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 243 8.4
    $1,250-$1,499 250 8.7
    $1,500-$1,999 392 13.6
    $2,000-$2,499 337 11.7
    $2,500-$2,999 360 12.5
    Others 1305 45.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3062 40.4
    Not in the labour force 2268 30.0
    Employed, worked part-time 1756 23.2
    Employed, away from work 295 3.9
    Unemployed, looking for work 191 2.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 766 15.0
    Professionals 1372 26.8
    Technicians & trades workers 663 13.0
    Clerical & administrative workers 847 16.6
    Sales 545 10.7
    Others 922 18.0
    Occupation
    Census Count Percent(%)
    Pre-school 207 8.1
    Infants/Primary 866 34.1
    Secondary 749 29.5
    Technical or Further Educational Institution 190 7.5
    University or other Tertiary Institutions 459 18.1
    Others 71 2.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 8770 96.0
    Semi-detached, row or terrace house, townhouse 236 2.6
    Flat, unit or apartment 122 1.3
    Caravan, cabin, houseboat 3 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1490 47.0
    Fully owned 1311 41.4
    Rented 357 11.3
    Other tenure type 12 0.4
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals