Ringwood North (postcode 3134) is a moderately sized suburb in Victoria within the Maroondah local government area. It is home to about 9,964 residents, with an established demographic and a median age of 43. Households earn a median income of $121K per year, with an average household size of 2.8 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, clerical & administrative. Employment in the area leans toward healthcare and professional services. The top ancestries reported are English, Australian, Irish.
Ringwood North has a median house price of $965,000, which has fallen sharply by 20.1% year-on-year. Units have a median price of $776,000 (-19.4% YoY). The current median weekly rent is $590. This gives a gross rental yield of approximately 3.2%. The median monthly mortgage repayment is $2,200.
Ringwood North is served by 3 schools, including 3 primary. The average ICSEA score is 1104, which is well above the national average of 1,000. Public transport access includes 61 bus stops. The crime rate in the Maroondah LGA is moderate at 7,515 incidents per 100,000 population.
On the investment side, Ringwood North shows a gross rental yield of approximately 3.2%, rated as moderate yield. Property prices are near the state median ($965K/$875K). The price-to-income ratio of 7.9x is considered moderate. House prices have moved -20.1% 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.