VIC has seen average median house prices change by 8.23% which means that Ringwood East, 3135 has done well for property investors by showing a capital gain of 15.67% over the last year
If we look at median property appreciation over just the last three months, Ringwood East has given property investors a paper return of 0.65%. This puts Suburb as 400 on a list of fastest fasting appreciating suburbs in VIC
Sellers are offering property buyers an average discount of -2.72% to buyers in Ringwood East at the moment, which is less than average for the rest of VIC.
Ringwood East, 3135’s gross rental yield is 2.65%
Ringwood East has had a A very good year for property investment returns compared to the rest of VIC, giving investors a capital gain of 10.53% to date .
Comparing Ringwood East,3135 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Sellers are offering property buyers an average discount of -5.34% to buyers in Ringwood East at the moment, which is less than average for the rest of VIC.
Using the current median advertised rental of $340 and the average annual increase in value of a median property of 8.47%, investors should hope to achieve an overall return of 3.29%