ringwood

3134, Victoria

Real Estate & Property Information

Median
Price Rank
253

ringwood Suburb Profile & Review

Ringwood is a civic hub for the outer eastern suburbs. Its scenic green spaces and public transport facilities are complemented by a proximity to the Dandenongs and the Yarra Valley region. Ringwood Lake is an idyllic picnic spot for families with young children, while sports grounds at Mullum Mullum Reserve and Jubilee Park are utilised by the Ringwood Redbanks and the Norwood Norsemen football clubs respectively.

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 Centrecontinues to be a major focal point in the region. The centre hosts most major department stores, like Big W, Kmart, as well as Woolworths, Coles, and a Hoyts cinema. The Myer store has recently been revamped and, while it's smaller than the one in the CBD, you'll find a lot of the same stock. Spot + Nosh and Barclays cafe are both popular for brunch, and for something a little fancier, the Fire House is worth a look it's an old fire station which was converted into a popular restaurant. 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 Demographic Data

$ 500,000 Median House Price

28 Minutes Average Commute

37 Median Age

16,009 Population

51.95 % Female

48.05 % Male

4274 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, Victoria.

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ringwood 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 Median House Prices

  • 2008 $ 386,000
  • 2009 $ 420,000
  • 2010 $ 455,000
  • 2011 $ 552,100
  • 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 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 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 property price predictions.

ringwood Market Property Types

  • 65 % Seperate House
  • 27 % Semi Detached
  • 7 % 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 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 Income & Mortgage Stats

  • $ 1,133 Median Weekly Household Income
  • $ 1,733 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

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 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 Sold Property Prices

ringwood 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 Restaurants

  • Tokyo Sake174 Warrandyte Rd ringwood VIC 313403 9876 7999
  • The Firehouse253 Maroondah Hwy ringwood VIC 313403 9876 8100
  • Taj Agra129 Maroondah Highway ringwood VIC 313403 9879 7123

ringwood Cafes

  • The Coffee Club Eastland171/175 Maroondah Highwayringwood VIC 313403 9876 0711
  • Lakeside Cafe2/293-305 Maroondah Highwayringwood VIC 313403 9879 1233
  • The Chocolate LoungeShop G18, 171 Maroondah Hwyringwood VIC 313403 9847 0661

ringwood Schools

  • Aquinas College46 Great Ryrie Streetringwood VIC 3134(03) 9259 3000Catholic Secondary School
  • K.Y.M. (Victoria) Inc.5 Murray Placeringwood VIC 3134(03) 9722 5777Adult Multicultural Education Service
  • Our Lady of Perpetual Help Primary School2 Wilana Streetringwood VIC 3134(03) 9870 7227Catholic Primary School

ringwood Childcare

  • ABC Learning Centre203 Warrandyte Rdringwood VIC 3134
  • Choklits Child Care Centre319 Canterbury Roadringwood VIC 3134
  • Kidz Biz93-99 Maroondah Hwyringwood VIC 3134

ringwood Kindergarten and Preschools

  • Greenwood Park KindergartenGreenwood Avenueringwood VIC 3134
  • North Ringwood Community Childrens Centre125A Warrandyte Rdringwood VIC 3134
  • Norwood KindergartenWarrandyte Roadringwood VIC 3134

ringwood Sporting Centres and Clubs

  • Little Athletics Centres, Proclamation Parkringwood VIC 3134Athletics Club
  • Ringwoodringwood VIC 3134Golf Course
  • Heatherdaleringwood VIC 3134Bowling Club

ringwood Retirement Villages

  • Cedar Villageringwood VIC 3134
  • Good Shepherdringwood VIC 3134
  • Ringwood Villageringwood VIC 3134

Find out How Much your House is Worth in ringwood

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