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Ringwood North, VIC 3134

Home » VIC Real Estate Data » Manningham City, VIC » Ringwood North, VIC 3134

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Ringwood North, VIC 3134 located in Melbourne to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

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Rent 

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Yield 

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Buy 

1BR

2BR

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Rent 

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Yield 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Ringwood North, VIC 3134”

  1. The total adult population (15 years or older) of Ringwood North 3134 VIC is 8,144, with a median age of 43. Of those, 58.51% are married, 8.74% are divorced or separated, 28.07% are single and 4.65% are widowed.

    The average household size is 2.8 people per dwelling, and the median household monthly income is estimated to be $10,560. The median monthly mortgage repayment for households in this suburb is $2,200 which is 20.83% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in the state of Victoria, the suburb of Ringwood North 3134 is estimated to house a total of 3886 households. As we examine the details from the Q3 of 2023, the typical prices for houses in Ringwood North 3134 are shown to be approximately $1,174,625, with the median weekly rent priced at $569. These numbers produce an indicative yield of 2.52%, which is below the minimum 3% that cashflow-centered property investors generally prefer.

    Examining the fundamentals, the suburb possesses an impressive IRSAD score of 1086 out of a possible 1217, indicative of a high socio-economic status among its residents. It further boasts very favourable rental market dynamics, with a considerably low renter to owner ratio at 12% and an equally low units to houses ratio at 6%. Individuals and families prioritise ownership, and the market is not oversaturated with rental properties, thereby contributing to the ‘vibe’ of the neighbourhood.

    However, the affordability index for houses stands at 44 years, meaning it takes an estimated 44 years for homeowners to fully own their property, a duration exceeding the 31-year mark which is often considered as the cut-off point for market affordability.

    From a supply perspective, the stock on market Percentage for houses sits at an incredibly favourable low of 0.2%, and an inventory level of 0.65 months suggests houses don’t lay dormant in the market for long. The building approvals Ratio for houses is reported as 0.65%, indicative of a slow growth in new dwelling stock.

    In terms of demand, houses spend an average of only 17 days on the market which is considerably well below the 35-day mark, indicating a market in high demand. Moreover, the suburb’s vacancy rate, which combines houses and units, is 1.52%, signalling a strong demand for rentals. The buy search index for houses is 4, which falls into the neutral range, suggesting it gets its fair share of online searches relative to the Victorian state average.

    Ringwood North 3134 presents several favourable attributes for property investment; however, it’s important to note the high affordability index and low yield rate. A careful consideration of these factors, in addition to keeping a close watch on market trends, is vital to making informed investment decisions in this location.

    Remember, the aforementioned analysis has been produced from a manually extracted selection of metrics. For a more comprehensive understanding, it might be valuable to consider a Relative Composite Score (RCS) that automates this research using over 80 metrics to provide a more rounded outlook.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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