Suburb Profile Report for Ringwood East VIC (3135)

Ringwood East House: Median price $885,500, Annual capital growth 9.33%, Number of sales 127, Weekly median advertised rent $400

Ringwood East Unit: Median price $642,550, Annual capital growth 8.75%, Number of sales 77, Weekly median advertised rent $360

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

Source: CoreLogic

  • House Report
  • Unit Report

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%.

Metrics i HOUSE UNIT
$885,500 $642,550
2.37% 6.65%
11.24% 18.84%
9.33% 8.75%
$400 $360
127 77
2.35% 2.91%
43.14 38.32

Source: CoreLogic

DSR Score for property investment : Above average (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
Chart Table
Recent sales & rentals