Over the last year, property investments in Ringwood East, 3135 have given investors a capital gain of 6.67%. This compares badly with the 8.06% for VIC as a whole.
Ringwood East,3135 was ranked 1721 in Australia by increase in median property value over the quarter.
LACK OF BUYER INTEREST may well be the reason that Ringwood East is offering property investors an average of -6.03. This rate of discount on properties puts Suburb at number 417th in terms of most discounted suburbs in VIC
Advertised rents are around the $390 mark per week – giving a return of 2.54% based on the median price in Suburb
Investment property in Ringwood East has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 4.42%
Ringwood East,3135 was ranked 926 in Australia by increase in median property value over the quarter.
Ringwood East, 3135 is offering VIC ‘s 199th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this VIC.
Ringwood East, 3135’s gross rental yield is 3.32%