Property value increases in Ringwood North have tracked close to the VIC average of 11.11% over the last 12 months.
When looking at the potential capital gains offered to property investors over the last 3 years, Ringwood North comes in at number 320th in VIC.
LACK OF BUYER INTEREST may well be the reason that Ringwood North is offering property investors an average of -5.04. This rate of discount on properties puts Suburb at number 137th in terms of most discounted suburbs in VIC
Often selling an investment property can take time, and in Ringwood North the average time real estate has been on the market is 37.46 days.
A $465 per week rent on the median house gives suburb investors a gross yield of circa 2.49%, without taking into account capital value appreciation, which has been averaging out at 7.81%.
With a capital gain of -8.51% for the last 12 months, Ringwood North, 3134 has performed for property investments than its average annual 7.63% property growth over the last 5 years.
If we look at median property appreciation over just the last three months, Ringwood North has given property investors a paper return of 1.50%. This puts Suburb as 193 on a list of fastest fasting appreciating suburbs in VIC
Ringwood North, 3134 is offering VIC ‘s 48th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this VIC.
Advertised rents are around the $370 mark per week – giving a return of 2.91% based on the median price in Suburb