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%