Property value increases in Ringwood North have tracked just lower than the VIC average of -1.79% over the last 12 months.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Ringwood North has increased when compared to the 5 year average annual rate.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Ringwood North, 3134. Typically our figures indicate that -7.56% is being offered, which puts this VIC suburb at 1132th most discounted overall in Australia.
Using the current median advertised rental of $495 and the average annual increase in value of a median property of 7.05%, investors should hope to achieve an overall return of 2.99%
At number 1468th in the list of Australian suburbs ordered by increase in median house value over the last year, Ringwood North, 3134 is in the BOTTOM 10% with a property value increase of -24.06% recorded in median house prices.
When looking at the potential capital gains offered to property investors over the last 3 years, Ringwood North comes in at number 285th in VIC.
Property investors should expect to get $385 weekly from the median priced house in this suburb.