Chris Watson
  • PROPERTIES
  • RINGWOOD
  • APPRAISAL
  • CONTACT

    • About Ringwood

    Ringwood is a suburb in Melbourne, Victoria, known for its commercial and retail hub, Eastland Shopping Centre. It features parks, schools, and a mix of residential areas. The area is well-connected with public transport and offers various amenities, making it a vibrant and convenient community in the eastern suburbs of Melbourne.
    About Ringwood
    Ringwood
    Ringwood

    Suburb Statistics

    * Derived from publicly available listing data over a 12 Month period starting November 01, 2023

    Summary

    615 Total number of listingsin the past 12 months
    House listings314
    Unit listings301
    Median Days On Marketin the past 12 months
    House27
    Unit32
    Average Sales Pricein the past 12 months
    House$1,063,346
    Unit$597,068

    Demographics

    19,144 Total Suburb population
    0-45-1920-2425-3435-4445-6465-Over01,0002,0003,0004,0001,1753,0404,2943,1923,1144,2483,290
    Age Range
    8,826 Total Private Dwellings
    House:7,017
    Owned Ratio:62.71%
    Rented Ratio:36.73%
    Unit:1,791
    Owned Ratio:40.48%
    Rented Ratio:56.93%

    Housing Market

    House Statistics
    Total Sold Properties207
    Median Days On Market27
    Median Sold Price$998,000
    Rental Yield3.30%
    Median Sold Price Growth-0.10%
    Vacancy Rate0.31%
    Auction Clearance Rate56.00%
    Unit Statistics
    Total Sold Properties207
    Median Days On Market32
    Median Sold Price$580,000
    Rental Yield4.40%
    Median Sold Price Growth0.00%
    Vacancy Rate0.18%

    Listing Count - 12 Months

    House
    Unit
    Nov '23Dec '23Jan '24Feb '24Mar '24Apr '24May '24Jun '24Jul '24Aug '24Sep '24Oct '24051015202530
    Filter by:

    Market Activity in (Ringwood), last 12 months

    Suburb listings
    Number of Listings*201* House & Units
    Suburb Rental Properties
    Rental Properties*19* During Oct 2024
    Suburb Sold Properties
    Sold Properties*414* House & Units

    Lifestyle and Amenities

    Retail and Entertainment Hub:

    Ringwood boasts the Eastland Shopping Centre, a major retail and entertainment destination, offering diverse shopping, dining, and recreational options.



    Green Spaces and Parks:

    Residents enjoy a lifestyle surrounded by parks like Ringwood Lake Park, providing opportunities for outdoor activities, picnics, and leisure.



    Transport Connectivity:

    Ringwood is well-connected with public transport, including a train station and bus services, facilitating convenient commuting to Melbourne's CBD and nearby areas.

    Lifestyle and Amenities
    Investment Opportunities

    Investment Opportunities

    Real Estate Growth:

    Ringwood has experienced steady property value growth, offering potential for real estate investment. The suburb's proximity to amenities, transport, and lifestyle attractions enhances its appeal to investors.



    Commercial Development:

    With a thriving commercial sector, there are opportunities for investment in retail spaces and commercial properties, particularly around the Eastland Shopping Centre and surrounding business districts.



    Infrastructure Projects:

    Ongoing infrastructure projects, such as transport improvements and urban development initiatives, contribute to the area's economic growth, making it an attractive prospect for investors seeking long-term returns.

    Unique Characteristics

    Commercial Hub:

    Ringwood stands out as a bustling commercial center, anchored by the Eastland Shopping Centre. Its vibrant retail and business scene make it a unique economic and social hub in Melbourne's eastern suburbs.



    Transport Connectivity:

    The suburb's excellent transport links, including a major train station and bus services, distinguish Ringwood, providing residents with seamless access to Melbourne's CBD and surrounding areas. This connectivity enhances its appeal for both residents and businesses.

    Unique Characteristics