Suburb Profile Report for Ringwood North VIC (3134)

Ringwood North House: Median price $880,000, Annual capital growth 5.80%, Number of sales 92, Weekly median advertised rent $510

Ringwood North Unit: Median price $680,000, Annual capital growth 6.02%, Number of sales 23, Weekly median advertised rent $395

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

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Ringwood North, 3134 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this VIC suburb was -1.29%.

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 -7.82% is being offered, which puts this VIC suburb at 629th most discounted overall in Australia.

Situated 23.43km from the CBD, Ringwood North is one of Maroondah (C) localities in the postcode 3134.

Property value increases in Ringwood North have tracked lower than the VIC average of 7.35% over the last 12 months.

If we look at median property appreciation over just the last three months, Ringwood North has given property investors a paper return of 6.42%. This puts Suburb as 41 on a list of fastest fasting appreciating 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 62.6 days.

With the median price for a house in Ringwood North being $680000 and the advertised rent reaching $395 the gross rental yield for property investors calculates out to be 3.02%

Metrics i HOUSE UNIT
$880,000 $680,000
1.44% 6.42%
-1.29% -14.47%
5.80% 6.02%
$510 $395
92 23
3.01% 3.02%
51.32 62.6

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Very good (H), Good (U)
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Demographics
Total population 9656
Median household income ($/weekly) 1690
Median age of persons 40
Median housing loan repayment ($/monthly) 1842
Average household size 2.9
  • Census Count Percent(%)
    5-14 years 1318 13.6
    25-34 years 909 9.4
    35-44 years 1419 14.7
    45-54 years 1517 15.7
    55-64 years 1250 12.9
    Others 3244 33.6
    Age Group
    Census Count Percent(%)
    Registered Married 4212 58.5
    Not Married 2567 35.6
    Defacto Relationship 426 5.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 7488 79.7
    Japan 126 1.3
    Papua New Guinea 110 1.2
    United Kingdom 480 5.1
    Other 294 3.1
    Others 895 9.5
    Country of Birth
    Census Count Percent(%)
    Buddhism 126 1.4
    Christianity 6201 69.1
    Islam 47 0.5
    Other Religious Groups 57 0.6
    No Religion 2491 27.7
    Others 57 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 243 8.4
    $1,250-$1,499 250 8.7
    $1,500-$1,999 392 13.6
    $2,000-$2,499 337 11.7
    $2,500-$2,999 360 12.5
    Others 1305 45.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 3062 40.4
    Not in the labour force 2268 30.0
    Employed, worked part-time 1756 23.2
    Employed, away from work 295 3.9
    Unemployed, looking for work 191 2.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 766 15.0
    Professionals 1372 26.8
    Technicians & trades workers 663 13.0
    Clerical & administrative workers 847 16.6
    Sales 545 10.7
    Others 922 18.0
    Occupation
    Census Count Percent(%)
    Pre-school 207 8.1
    Infants/Primary 866 34.1
    Secondary 749 29.5
    Technical or Further Educational Institution 190 7.5
    University or other Tertiary Institutions 459 18.1
    Others 71 2.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 8770 96.0
    Semi-detached, row or terrace house, townhouse 236 2.6
    Flat, unit or apartment 122 1.3
    Caravan, cabin, houseboat 3 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1490 47.0
    Fully owned 1311 41.4
    Rented 357 11.3
    Other tenure type 12 0.4
    Tenure Type
Census 2011, ABS
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