Ringwood is a well-established suburb in Victoria within the Maroondah local government area (postcode 3134). With a population of 19,144, the suburb has an established demographic with a median age of 38. Households earn a median income of $86K per year, with an average household size of 2.4 people. The most common occupations are professionals, clerical & administrative, managers. The top ancestries reported are English, Australian, Chinese.
The median house price in Ringwood is $1.0 million, having increased 2.6% over the past year. Units have a median price of $630,000 (+1.6% YoY). The current median weekly rent is $490. This gives a gross rental yield of approximately 2.5%. The median monthly mortgage repayment is $2,000.
Ringwood is served by 7 schools, including 3 primary, 3 secondary, 1 combined. The average ICSEA score is 1070, which is above the national average of 1,000. Public transport access includes 15 rail stations, 104 bus stops. Healthcare facilities include 1 private hospital. The crime rate in the Maroondah LGA is moderate at 7,515 incidents per 100,000 population.
From an investment perspective, Ringwood offers a gross rental yield of 2.5%, rated as low yield. Property prices are near the state median ($1.0M/$875K). The price-to-income ratio of 11.9x is considered stretched. House prices have moved +2.6% year-on-year.
Ringwood is a well-established suburb in Victoria within the Maroondah local government area (postcode 3134). With a population of 19,144, the suburb has an established demographic with a median age of 38. Households earn a median income of $86K per year, with an average household size of 2.4 people. The most common occupations are professionals, clerical & administrative, managers. The top ancestries reported are English, Australian, Chinese.
The median house price in Ringwood is $1.0 million, having increased 2.6% over the past year. Units have a median price of $630,000 (+1.6% YoY). The current median weekly rent is $490. This gives a gross rental yield of approximately 2.5%. The median monthly mortgage repayment is $2,000.
Ringwood is served by 7 schools, including 3 primary, 3 secondary, 1 combined. The average ICSEA score is 1070, which is above the national average of 1,000. Public transport access includes 15 rail stations, 104 bus stops. Healthcare facilities include 1 private hospital. The crime rate in the Maroondah LGA is moderate at 7,515 incidents per 100,000 population.
From an investment perspective, Ringwood offers a gross rental yield of 2.5%, rated as low yield. Property prices are near the state median ($1.0M/$875K). The price-to-income ratio of 11.9x is considered stretched. House prices have moved +2.6% year-on-year.