Ringwood, 3134 ranked 615th in VIC when comparing growth in median property values or capital gain over the last 12 months. Ringwood is one of 2098 in our list for VIC
While Ringwood,3134 ranked number 485th in VIC for increase in median house value (annualised) increase, it is ranked 54th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Ringwood is offering property investors an average of -5.80. This rate of discount on properties puts Suburb at number 392th in terms of most discounted suburbs in VIC
On average over the past year, suburb has had 18.67 sales per month, which equates to 224 per year.
Property investors should expect to get $400 weekly from the median priced house in this suburb.
Giving property investors a a stable capital gain of 8.34% for the last year, Ringwood, 3134 is the 487th highest performer in Australia in this respect.
Over the longer term, Ringwood has seen property prices show investors a 26.82% 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 is offering property investors an average of -5.03. This rate of discount on properties puts Suburb at number 306th in terms of most discounted suburbs in VIC
At number 268 in a list of fastest selling suburbs, Ringwood is in the TOP 20% of suburbs in Australia with an average of days on market 51.64 for properties listed there.
Ringwood is 298th on a list of best yielding suburbs for rents in VIC with a 3.38% return
Pushing out to the far-eastern fringe of Melbourne, Ringwood’s housing market seems to be still full of steam.Full summary
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Pushing out to the far-eastern fringe of Melbourne, Ringwood’s housing market seems to be still full of steam.Close
At $832,500, the median house price is certainly stretching the bounds of affordability, and conditions don’t indicate buyers will find any relief soon.
The past 12 months have seen a 24% jump in the median house price, and it has also grown 55% over the past five years.
Just under 25km from the heart of Melbourne, Ringwood is somewhat of a hub for the city’s far-eastern suburbs.
The suburb is home to the Eastland Shopping Complex, which is currently undergoing extensive remodelling and is the premier retail facility in the area.
Ringwood is also home to a wide range of educational facilities and is connected to the centre of Melbourne and suburbs further out through a number of train stations.