Ringwood East is a well-established suburb in Victoria within the Maroondah local government area (postcode 3135). It is home to about 10,764 residents, with a settled mid-life population and a median age of 38. Households earn a median income of $94K per year, with an average household size of 2.5 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.0% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, technicians & trades. Employment in the area leans toward healthcare and education. The top ancestries reported are English, Australian, Irish.
Median house prices in Ringwood East stand at $1.1 million, having risen solidly by 6.5% over the last twelve months. Units have a median price of $715,000 (-2.7% YoY). The current median weekly rent is $590. This gives a gross rental yield of approximately 2.9%. The median monthly mortgage repayment is $2,051.
Ringwood East is served by 3 schools, including 2 primary, 1 combined. The average ICSEA score is 1103, which is well above the national average of 1,000. Public transport access includes 7 rail stations, 20 bus stops. Healthcare facilities include 1 public and 1 private hospitals. The crime rate in the Maroondah LGA is moderate at 7,515 incidents per 100,000 population.
Looking at the investment signals, The gross rental yield works out to roughly 2.9%, which reads as low yield. Property prices are near the state median ($1.1M/$875K). The price-to-income ratio of 11.3x is considered stretched. House prices have moved +6.5% year-on-year. Population growth of +1.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.