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