Giving property investors a a poor capital gain of -11.36% for the last year, Ringwood, 3134 is the 3524th highest performer in Australia in this respect.
Across a shorter period, Ringwood, 3134 has seen a median price increase of -0.43% over the last quarter.
Ringwood3134 is located in VIC which offers an average discount of -6.90% to property investors. Ringwood itself is showing figures that indicate -6.37% is the average achievable by property buyers investing in the suburb.
Ringwood, 3134’s gross rental yield is 2.97%
Ringwood, 3134 ranked 229th in VIC when comparing growth in median property values or capital gain over the last 12 months. Ringwood is one of 2099 in our list for VIC
Ringwood,3134 has offered an average of -3.67% return per annum in house price rises to property investors over the last three years.
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, 3134. Typically our figures indicate that -6.24% is being offered, which puts this VIC suburb at 575th most discounted overall in Australia.
Situated 23.27km from the CBD, Ringwood is one of Maroondah (C) localities in the postcode 3134.
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Pushing out to the far-eastern fringe of Melbourne, Ringwood’s housing market seems to be still full of steam.
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.