Ringwood East is a well-established suburb in Victoria within the Maroondah local government area (postcode 3135). With a population of 10,764, the suburb has an established demographic with a median age of 38. Households earn a median income of $94K per year, with an average household size of 2.5 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Ringwood East is $1.1 million, having grown strongly 6.5% over the past year. Units have a median price of $735,000 (+1.3% YoY). The current median weekly rent is $520. This gives a gross rental yield of approximately 2.5%. 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.
From an investment perspective, Ringwood East offers a gross rental yield of 2.5%, rated 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.
Ringwood East is a well-established suburb in Victoria within the Maroondah local government area (postcode 3135). With a population of 10,764, the suburb has an established demographic with a median age of 38. Households earn a median income of $94K per year, with an average household size of 2.5 people. The most common occupations are professionals, managers, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Ringwood East is $1.1 million, having grown strongly 6.5% over the past year. Units have a median price of $735,000 (+1.3% YoY). The current median weekly rent is $520. This gives a gross rental yield of approximately 2.5%. 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.
From an investment perspective, Ringwood East offers a gross rental yield of 2.5%, rated 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.