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.