Suburb Profile Report for Ringwood North VIC (3134)

Ringwood North House: Median price $815,000, Annual capital growth 7.40%, Number of sales 116, Weekly median advertised rent $450

Ringwood North Unit: Median price $682,500, Annual capital growth 9.75%, Number of sales 18, Weekly median advertised rent $355

  • 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 just lower than the VIC average of 7.68% over the last 12 months.

Taking the average capital gain, or increase in median house value, Ringwood North,3134 has racked up an average of 4.49% over the period. This ranks it number 1217th in the whole country for real estate investors looking at median house price increases.

Property buyers and investors in Ringwood North 3134 should be seeing an average reduction in asking price of around -3.91% . This means that Ringwood North is holding prices well when compared to other suburbs in VIC.

At number 154th in the list of Australian suburbs ordered by increase in median house value over the last year, Ringwood North, 3134 is in the top 10% with a property value increase of 17.27% recorded in median house prices.

While Ringwood North,3134 ranked number 10th in VIC for increase in median house value (annualised) increase, it is ranked 25th over the last 5 years.

Situated 23.94km from the CBD, Ringwood North is one of Maroondah localities in the postcode 3134.

HOUSE UNIT
$815,000 $682,500
1.75% 13.75%
4.49% 17.27%
7.40% 9.75%
$450 $355
116 18
2.87% 2.70%
50.72 N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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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
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Recent sales & rentals