With a capital gain of 3.42% for the last 12 months, Ringwood, 3134 has performed for property investments than its average annual 9.75% property growth over the last 5 years.
A 68.31% growth in median value for property investors in Ringwood,3134 puts this suburb at number 529th in terms of best performing suburbs in VIC
Our latest figures would indicate that property sellers in Ringwood are currently offering property investors an average price cut of -5.47% below the asking price at the moment.
On average over the past year, suburb has had 17.92 sales per month, which equates to 215 per year.
Ringwood is 496th on a list of best yielding suburbs for rents in VIC with a 2.57% return
Investment property in Ringwood has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 6.45%
Ringwood,3134 has offered an average of 6.45% return per annum in house price rises to property investors over the last three years.
LACK OF BUYER INTEREST may well be the reason that Ringwood is offering property investors an average of -5.13. This rate of discount on properties puts Suburb at number 273th in terms of most discounted suburbs in VIC
Situated 22.14km from the CBD, Ringwood is one of Maroondah localities in the postcode 3134.
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.