Investment property in Ringwood East has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 11.24%
Over the longer term, Ringwood East has seen property prices show investors a 47.58% return over the last 3 years. This is worse than over the last 12 months
Property buyers and investors in Ringwood East 3135 should be seeing an average reduction in asking price of around -4.89% . This means that Ringwood East is holding prices well when compared to other suburbs in VIC.
Renters in Suburb are facing rents around $4800 per annum or $400 every week.
At number 167th in the list of Australian suburbs ordered by increase in median house value over the last year, Ringwood East, 3135 is in the top 10% with a property value increase of 18.84% recorded in median house prices.
When looking at the potential capital gains offered to property investors over the last 3 years, Ringwood East comes in at number 9th in VIC.
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.58% offered to property buyers. Sellers in Ringwood East itself are offering an average vendor discount of -3.94% to real estate investors.
A $360 per week rent on the median house gives suburb investors a gross yield of circa 2.91%, without taking into account capital value appreciation, which has been averaging out at 8.75%.