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