Suburb Profile Report for Ringwood North VIC (3134)

Ringwood North House: Median price $916,250, Annual capital growth 8.03%, Number of sales 111, Weekly median advertised rent $440

Ringwood North Unit: Median price $644,500, Annual capital growth 8.60%, Number of sales 31, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report

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 14.53%

Comparing Ringwood North,3134 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.53% offered to property buyers. Sellers in Ringwood North itself are offering an average vendor discount of -1.06% to real estate investors.

At number 418 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 43.19 for properties listed there.

Using the current median advertised rental of $440 and the average annual increase in value of a median property of 8.03%, investors should hope to achieve an overall return of 2.50%

Ringwood North, 3134 ranked 138th in VIC when comparing growth in median property values or capital gain over the last 12 months. Ringwood North is one of 2098 in our list for VIC

Ringwood North,3134 was ranked 1646 in Australia by increase in median property value over the quarter.

LACK OF BUYER INTEREST may well be the reason that Ringwood North is offering property investors an average of -4.87. This rate of discount on properties puts Suburb at number 10th in terms of most discounted suburbs in VIC

Metrics i HOUSE UNIT
$916,250 $644,500
5.32% -10.49%
14.53% 7.42%
8.03% 8.60%
$440 $350
111 31
2.50% 2.82%
43.19 44.83

Source: CoreLogic

DSR Score for property investment : Above average (U), Very good (H)
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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