Property investors who have had real estate in Ringwood East, 3135 should be relatively unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -3.69%
Ringwood East,3135 has offered an average of -3.69% 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 East, 3135. Typically our figures indicate that -6.62% is being offered, which puts this VIC suburb at 1347th most discounted overall in Australia.
On average over the past year, suburb has had 9.00 sales per month, which equates to 108 per year.
Property value increases in Ringwood East have tracked close to the VIC average of 6.11% 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 East has increased when compared to the 5 year average annual rate.
Property buyers and investors in Ringwood East 3135 should be seeing an average reduction in asking price of around -6.36% . This means that Ringwood East is holding prices well when compared to other suburbs in VIC.
With the median price for a house in Ringwood East being $630000 and the advertised rent reaching $390 the gross rental yield for property investors calculates out to be 3.22%