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Ringwood East, VIC 3135

Home » VIC Real Estate Data » Maroondah City, VIC » Ringwood East, VIC 3135

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 East, VIC 3135 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 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

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 East, VIC 3135”

  1. The total adult population (15 years or older) of Ringwood East 3135 VIC is 8,699, with a median age of 38. Of those, 47.21% are married, 12.22% are divorced or separated, 35.94% are single and 4.70% are widowed.

    The average household size is 2.5 people per dwelling, and the median household monthly income is estimated to be $9,284. The median monthly mortgage repayment for households in this suburb is $2,051 which is 22.09% of their earnings.

    Source: ABS Census Data (2021)

  2. In the suburb of RINGWOOD EAST 3135, nestled within the scope of Victoria, the heartbeat of the housing investment market beats steadily across around 4817 households. By the third quarter of 2023, it became clear that typical prices for houses in this charming neighbourhood stood at AUD $973,893 with median weekly rents pegged at AUD $490. Translated into figures for the analytical investor, this churns out an indicative yield of 2.62%, acknowledging a certain level of demand in the locale.

    A favorable socio-economic status is observable in RINGWOOD EAST, with an IRSAD score showcasing a solid 1033 out of 1217. This supports that a significant percentage of the suburb’s population have dependable access to economic resources and can generally boast high income level and professional occupations.

    In terms of rental property distribution, RINGWOOD EAST scores low on the risk scale with a renter to owner ratio of 28% and an units to houses ratio of 31%. These desirable percentages demonstrate that the risk of competition among landlords is correspondingly low, assuring stability for those investing in rental properties.

    Conversely, the affordability index for houses sways towards the higher side, standing at 41 years, which highlights a market that requires higher income to purchase at the median prices.

    However, supply metrics tell an encouraging story. stock on market percentage for houses is a mere 0.22%, displaying promiseingly low supply. inventory levels continue this positive run, with only 0.73 months’ worth of housing supply on the market. Under the spotlight of the builder’s blueprint, the building approvals ratio is snugly at 0.91%, barely disturbing the balance of existing housing supply.

    Houses in RINGWOOD EAST stand tall for only 20 days on the market, indicating swift transactions and high demand within the local housing scene. Bolstering this is the remarkably low vacancy rate, for both units and houses, humming at 0.85%, leaving little room for concern about prolonged vacancies.

    In the sphere of online interest, the buy search index mildly trails like a steady river, sitting at acknowledgement-worthy figure of 4, illustrating an average level of demand from potential buyers.

    In concluding analysis, while some metrics such as affordability index lean towards the higher end, overall, the RINGWOOD EAST 3135 area presents several favourable conditions for property investment. This suburb continues to embody a worthwhile prospect for potential investors, who are recommended to delve deeper into the extensive and intricately interwoven labyrinth of property investment data.

    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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