Investment property in Ringwood East has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 13.26%
Over the longer term, Ringwood East has seen property prices show investors a 53.25% return over the last 3 years. This is worse than over the last 12 months
Vendor discounting in Ringwood East is giving property investors an average Vendor Discount of around -4.30%. This puts suburb at number 484th in VIC when ranking the most discounted suburbs.
With the median price for a house in Ringwood East being $790000 and the advertised rent reaching $400 the gross rental yield for property investors calculates out to be 2.63%
Giving property investors a a stable capital gain of 7.46% for the last year, Ringwood East, 3135 is the 529th highest performer in Australia in this respect.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Ringwood East has increased when compared to the 5 year average annual rate.
Sellers are offering property buyers an average discount of -4.48% to buyers in Ringwood East at the moment, which is less than average for the rest of VIC.
Residents and property investors in Ringwood East have been waiting around 48.26 days to sell a property.
Using the current median advertised rental of $340 and the average annual increase in value of a median property of 8.37%, investors should hope to achieve an overall return of 3.27%