Suburb Profile Report for Ringwood East VIC (3135)

Ringwood East House: Median price $809,000, Annual capital growth 6.46%, Number of sales 108, Weekly median advertised rent $430

Ringwood East Unit: Median price $630,000, Annual capital growth 6.55%, Number of sales 99, Weekly median advertised rent $390

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

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

  • House Report
  • Unit Report

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%

Metrics i HOUSE UNIT
$809,000 $630,000
3.45% 3.28%
-3.69% 2.86%
6.46% 6.55%
$430 $390
108 99
2.76% 3.22%
43.4262295081967 62.536231884058

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

DSR Score for property investment : Good (H), Good (U)
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Demographics
Total population 9748
Median household income ($/weekly) 1200
Median age of persons 38
Median housing loan repayment ($/monthly) 1800
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 1057 10.8
    25-34 years 1498 15.4
    35-44 years 1483 15.2
    45-54 years 1266 13.0
    55-64 years 1011 10.4
    Others 3434 35.2
    Age Group
    Census Count Percent(%)
    Registered Married 3376 46.7
    Not Married 3205 44.3
    Defacto Relationship 651 9.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 7147 76.7
    Croatia 202 2.2
    Indonesia 164 1.8
    United Kingdom 531 5.7
    Other 405 4.3
    Others 873 9.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 191 2.2
    Christianity 5510 62.7
    Hinduism 88 1.0
    Other Religious Groups 116 1.3
    No Religion 2837 32.3
    Others 49 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 352 10.2
    $600-$799 333 9.7
    $1,000-$1,249 360 10.5
    $1,500-$1,999 480 13.9
    $2,000-$2,499 323 9.4
    Others 1596 46.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2988 39.1
    Not in the labour force 2620 34.3
    Employed, worked part-time 1512 19.8
    Employed, away from work 307 4.0
    Unemployed, looking for work 209 2.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 559 11.6
    Professionals 1186 24.7
    Technicians & trades workers 726 15.1
    Clerical & administrative workers 754 15.7
    Sales 476 9.9
    Others 1105 23.0
    Occupation
    Census Count Percent(%)
    Pre-school 172 8.1
    Infants/Primary 666 31.4
    Secondary 548 25.8
    Technical or Further Educational Institution 245 11.6
    University or other Tertiary Institutions 385 18.2
    Others 104 4.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7089 78.6
    Semi-detached, row or terrace house, townhouse 1625 18.0
    Flat, unit or apartment 281 3.1
    House or flat attached to a shop, office 22 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1398 37.7
    Fully owned 1301 35.0
    Rented 992 26.7
    Other tenure type 21 0.6
    Tenure Type
Census 2011, ABS
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