Suburb Profile Report for Ringwood East VIC (3135)

Ringwood East House: Median price $800,000, Annual capital growth 9.90%, Number of sales 120, Weekly median advertised rent $395

Ringwood East Unit: Median price $540,700, Annual capital growth 8.01%, Number of sales 81, Weekly median advertised rent $345

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 1653th in the list of Australian suburbs ordered by increase in median house value over the last year, Ringwood East, 3135 is in the top 40% with a property value increase of 6.67% recorded in median house prices.

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.

Ringwood East, 3135 is offering VIC ‘s 404th 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.

Residents and property investors in Ringwood East have been waiting around 56.79 days to sell a property.

Using the current median advertised rental of $395 and the average annual increase in value of a median property of 9.90%, investors should hope to achieve an overall return of 2.57%

Property investors who have had real estate in Ringwood East, 3135 should be ok with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 3.38%

A 42.29% growth in median value for property investors in Ringwood East,3135 puts this suburb at number 262th in terms of best performing suburbs in VIC

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.

Property investors should expect to get $345 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$800,000 $540,700
2.56% -0.79%
6.67% 3.38%
9.90% 8.01%
$395 $345
120 81
2.57% 3.32%
56.79 48.93

Source: CoreLogic

DSR Score for property investment : Very good (U), Good (H)
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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
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Recent sales & rentals