Ringwood North is a mid-sized suburb in Victoria within the Maroondah local government area (postcode 3134). With a population of 9,964, the suburb has an established demographic with a median age of 43. Households earn a median income of $121K per year, with an average household size of 2.8 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Ringwood North is $1.2 million, having dipped slightly 0.8% over the past year. Units have a median price of $963,000 (+6.5% YoY). The current median weekly rent is $520. This gives a gross rental yield of approximately 2.2%. 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.
From an investment perspective, Ringwood North offers a gross rental yield of 2.2%, rated as low yield. Property prices are above the state median ($1.2M/$875K), placing it in the premium segment. The price-to-income ratio of 9.9x is considered moderate. House prices have moved -0.8% year-on-year.
Ringwood North is a mid-sized suburb in Victoria within the Maroondah local government area (postcode 3134). With a population of 9,964, the suburb has an established demographic with a median age of 43. Households earn a median income of $121K per year, with an average household size of 2.8 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Ringwood North is $1.2 million, having dipped slightly 0.8% over the past year. Units have a median price of $963,000 (+6.5% YoY). The current median weekly rent is $520. This gives a gross rental yield of approximately 2.2%. 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.
From an investment perspective, Ringwood North offers a gross rental yield of 2.2%, rated as low yield. Property prices are above the state median ($1.2M/$875K), placing it in the premium segment. The price-to-income ratio of 9.9x is considered moderate. House prices have moved -0.8% year-on-year.