If you compare the increase in value of investment property in Ringwood North, 3134 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 16.15%.
Ringwood North,3134 has offered an average of 16.15% return per annum in house price rises to property investors over the last three years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Ringwood North, 3134. Typically our figures indicate that -4.05% is being offered, which puts this VIC suburb at 2918th most discounted overall in Australia.
Often selling an investment property can take time, and in Ringwood North the average time real estate has been on the market is 40.46 days.
Over the last year, property investments in Ringwood North, 3134 have given investors a capital gain of -0.39%. This compares badly with the 5.66% for VIC as a whole.
A 45.76% growth in median value for property investors in Ringwood North,3134 puts this suburb at number 359th in terms of best performing suburbs in VIC
At number 52th of VIC’s most discounted properties, Ringwood North is in the bottom 20% of the state/territory when listing in order of most discounted to least.
With the median price for a house in Ringwood North being $645000 and the advertised rent reaching $350 the gross rental yield for property investors calculates out to be 2.82%