ringwood east

3135, Victoria

Real Estate & Property Information

Median
Price Rank
250

ringwood east Suburb Profile & Review

A suburb which is tucked away between the two bigger centres of Ringwood and Croydon, Ringwood East has a main street all of its own. The Turtle Den is a popular and classy Chinese restaurant which also does takeaway. It's best to make a reservation as it can get quite busy. For delicious but well-priced baked goods and sandwiches, there are two bakeries. And if you're ever in need of a haircut, there are five hairdressers, so you're sure to find something you like.

Due to the newly completed EastLink and Ringwood Bypass, the suburb is a mere twenty-five minute drive from the CBD. Residents also enjoy frequent express train services to and from Ringwood Station in peak times. Despite these convenient connections to the inner city, younger residents looking for a fun night out can enjoy bars, nightclubs and live music venues on their back doorstep.

Eastland Shopping Centre continues to be a major focal point in the region. The centre hosts most major department stores, like Myer, Big W, Kmart, as well as Woolworths, Coles, and a Hoyts cinema. Families with children will find there are a whopping twelve schools in the suburb, including top secondary schools Aquinas College and Ringwood Secondary College, and top combined school Yarra Valley Grammar School.

ringwood east Demographic Data

$ 500,000 Median House Price

31 Minutes Average Commute

38 Median Age

9,748 Population

51.53 % Female

48.47 % Male

2550 NO OF FAMILIES

1.8 AVG CHILDREN PER FAMILY

0.9 AVG MOTOR VEHICLE PER DWELLING

What this means

The following data, without any explanation, is just that, raw data. So in order to help you research the property market, we have outlined what this demographic and real estate information means and how it can be interpreted to help you make a smarter decision when buying or selling your next house or unit in ringwood east, Victoria.

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ringwood east Demographic Data

The demographic data below has been supplied by the Australian Bureau of Statistics (ABS), which is a government body. It is based on Census data collected every 5 years on the Australian population. Although it is dated 2011, this is the latest data available and should give property investors, property buyers and sellers a very good idea when researching or reviewing their suburb.

It’s important to note when looking at this data that you don’t just use it on its own. Consider this demographic and real estate data as a whole and seek advice from a professional when thinking of buying or selling your next property.

ringwood east Median House Prices

  • 2008 $ 382,500
  • 2009 $ 412,200
  • 2010 $ 440,000
  • 2011 $ 528,750
  • 2012 $ 500,000

What this means

Median values are the most accepted measure of property values in the real estate industry in Australia. The median is the midpoint (the middle) figure when all the sold property prices over a particular period of time are ordered from their lowest to their highest value.

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ringwood east 5 Year Median House Prices

Here we have outlined the median value for all sales for each year over a period of 5 years. This is a more realistic timeframe when gauging how houses and units in ringwood east have performed, and it usually indicates how they will perform in the future.

Median values less than 3 months old are often not always accurate (due to incomplete data) and therefore cannot be relied upon for long-term ringwood east property price predictions.

ringwood east Market Property Types

  • 72 % Seperate House
  • 24 % Semi Detached
  • 4 % Flat or Unit
  • 0 % Other Dwelling

What this means

The property type in your suburb will help you identify the density of the area. The greater the number of flats, units and apartments, the more likely it is the suburb has a higher density of living and occupants are more reliant on public transport, cafes, restaurants, convenience stores and amenities, infrastructure and less reliant on their own vehicle for transport.

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ringwood east Market Property Types

Typically, inner city suburbs within 10km of the CBD are comprised of apartments and semi-detached homes, while middle ring suburbs have semi-detached and detached properties. Rural properties would most likely fall under the “other” category.

This ABS Property Type data combined with Population Density and Family Composition figures gives a good indication of the type of people living in an area and therefore what type of property (1-2 bed apartment or house) would be an ideal investment or property to live in.

ringwood east Income & Mortgage Stats

  • $ 1,200 Median Weekly Household Income
  • $ 1,800 Median Monthly Mortgage

What this means

This is one of the most compelling statistics in this section because it has a profound impact on real estate prices. It should always be considered when buying or selling property in ringwood east

Experts believe mortgage stress occurs in real estate when property owners are spending over 30% of their gross income on their mortgage repayments. These figures show weekly income and monthly mortgages.

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ringwood east Income & Mortgage Stats

To calculate the percentage of income paid towards a mortgage for the suburb of Melbourne, multiply the mortgage payment (e.g. $2450) by 12 then divide this figure by the weekly income (e.g. $1200) multiplied by 52 (weeks) to look like this ($2450 x12/$1200 x 52) x 100 = 47%

Any figure above 30% usually indicates that the suburb you intend to buy in may have property owners with a high incidence of mortgage stress. In terms of maintaining or growing property values in the future and trying to secure a strong property price when selling, this could have an impact, especially in an economic or local industry downturn.

ringwood east Sold Property Prices

ringwood east Real Estate Experts

In each suburb we have identified real estate agents who are active local experts. Our goal is to have a network of real estate agents that have been reviewed by previous clients for future buyers and sellers to rely on when making their next property move or even when they just wanting real estate advice.

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ringwood east Restaurants

  • Nikos Tavern190 Mount Dandenong Roadringwood east VIC 313503 9870 0554

ringwood east Schools

  • Tintern Girls GrammarMaidstone Streetringwood east VIC 3135(03) 8870 1777Private School
  • Eastwood Primary SchoolAlexandra Roadringwood east VIC 3135(03) 9870 6103State Primary School
  • Tinternvale Primary SchoolTintern Avenueringwood east VIC 3135(03) 9720 1215State Primary School

ringwood east Childcare

  • Knaith Road Child Care CentreKnaith Roadringwood east VIC 3135
  • Each Child Community Child & Family Centre75 Patterson Stringwood east VIC 3135
  • Ringwood East Child Care Centre105 Mt. Dandenong Rdringwood east VIC 3135

ringwood east Kindergarten and Preschools

  • Maroondah Early Intervention Program75 Patterson Stringwood east VIC 3135
  • Maroondah Kindergarten16 Evon Avenueringwood east VIC 3135
  • Maroondah Montessori PreschoolEverard Roadringwood east VIC 3135

ringwood east Sporting Centres and Clubs

  • Maroondah Sports Clubringwood east VIC 3135
  • East Ringwood T. Clubringwood east VIC 3135Tennis Club & Courts
  • Gracedale Park Tennis Clubringwood east VIC 3135Tennis Club & Courts

Find out How Much your House is Worth in ringwood east

Request a free market Basic Report for ringwood east to get a general idea of property prices in your area, or a more specific CMA Report for the property you own.

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