Suburb Profile Report for Ringwood East VIC (3135)

Ringwood East House: Median price $800,000, Annual capital growth 9.94%, Number of sales 122, Weekly median advertised rent $390

Ringwood East Unit: Median price $540,350, Annual capital growth 7.98%, Number of sales 84, Weekly median advertised rent $345

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

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%

HOUSE UNIT
$800,000 $540,350
1.91% 0.06%
6.67% 4.42%
9.94% 7.98%
$390 $345
122 84
2.54% 3.32%
58.61 51.97

Source: CoreLogic

DSR Score for property investment : Good (H), Very good (U)
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Demographics
Total population 9748
Median household income ($/weekly) 1200
Median age of persons 38
Median housing loan repayment ($/monthly) 1800
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 1057 10.8
    25-34 years 1498 15.4
    35-44 years 1483 15.2
    45-54 years 1266 13.0
    55-64 years 1011 10.4
    Others 3434 35.2
    Age Group
    Census Count Percent(%)
    Registered Married 3376 46.7
    Not Married 3205 44.3
    Defacto Relationship 651 9.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 7147 76.7
    Croatia 202 2.2
    Indonesia 164 1.8
    United Kingdom 531 5.7
    Other 405 4.3
    Others 873 9.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 191 2.2
    Christianity 5510 62.7
    Hinduism 88 1.0
    Other Religious Groups 116 1.3
    No Religion 2837 32.3
    Others 49 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 352 10.2
    $600-$799 333 9.7
    $1,000-$1,249 360 10.5
    $1,500-$1,999 480 13.9
    $2,000-$2,499 323 9.4
    Others 1596 46.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2988 39.1
    Not in the labour force 2620 34.3
    Employed, worked part-time 1512 19.8
    Employed, away from work 307 4.0
    Unemployed, looking for work 209 2.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 559 11.6
    Professionals 1186 24.7
    Technicians & trades workers 726 15.1
    Clerical & administrative workers 754 15.7
    Sales 476 9.9
    Others 1105 23.0
    Occupation
    Census Count Percent(%)
    Pre-school 172 8.1
    Infants/Primary 666 31.4
    Secondary 548 25.8
    Technical or Further Educational Institution 245 11.6
    University or other Tertiary Institutions 385 18.2
    Others 104 4.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7089 78.6
    Semi-detached, row or terrace house, townhouse 1625 18.0
    Flat, unit or apartment 281 3.1
    House or flat attached to a shop, office 22 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1398 37.7
    Fully owned 1301 35.0
    Rented 992 26.7
    Other tenure type 21 0.6
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals