Ringwood is in the bottom 40% in VIC when comparing median price capital growth over the last year. Ringwood gave property investors a disappointing capital gain figure when compared to the rest of the state, with 8.33%.
Taking the average capital gain, or increase in median house value, Ringwood,3134 has racked up an average of 8.33% over the period. This ranks it number 1065th in the whole country for real estate investors looking at median house price increases.
Ringwood, 3134 is offering VIC ‘s 79th 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.
Residents and property investors in Ringwood have been waiting around 56.45 days to sell a property.
Ringwood is an average performer in VIC when comparing median price capital growth over the last year. Ringwood gave property investors a good capital gain figure when compared to the rest of the state, with 10.78%.
A 54.79% growth in median value for property investors in Ringwood,3134 puts this suburb at number 31th in terms of best performing suburbs in VIC
The most recent median price for Ringwood is $565000, with sellers offering an average of -3.52% off the asking price.
On average over the past year, suburb has had 13.67 sales per month, which equates to 164 per year.
Property investors should expect to get $360 weekly from the median priced house in this suburb.
Pushing out to the far-eastern fringe of Melbourne, Ringwood’s housing market seems to be still full of steam.Full summary
Information supplied by:
Pushing out to the far-eastern fringe of Melbourne, Ringwood’s housing market seems to be still full of steam.Close
At $832,500, the median house price is certainly stretching the bounds of affordability, and conditions don’t indicate buyers will find any relief soon.
The past 12 months have seen a 24% jump in the median house price, and it has also grown 55% over the past five years.
Just under 25km from the heart of Melbourne, Ringwood is somewhat of a hub for the city’s far-eastern suburbs.
The suburb is home to the Eastland Shopping Complex, which is currently undergoing extensive remodelling and is the premier retail facility in the area.
Ringwood is also home to a wide range of educational facilities and is connected to the centre of Melbourne and suburbs further out through a number of train stations.