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ringwood east
3135, Victoria
Real Estate & Property Information
Median
Price Rank 251
Price Rank 251
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.
Invest/Buy/Sell Checklist
Research
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- Property/Suburb Report
- Buyer/Vendor Advocacy
- Finance Strategy & Lending
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Buyer/Vendor Advocacy Enquiry
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Finance Strategy & Lending Enquiry
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Obtain personalised service you can’t find at a bank. Educate yourself about the financial issues involved with buying and selling a property by speaking to a qualified finance broker. They will advise you regarding the best finance options available to you. They can also discuss methods to create wealth and improve your cash-flow.
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Due Diligence
- Ownership Structure
- Property Valuation
- Rental Appraisal
- Sale Contract Review
- Building & Pest Inspection
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Ownership Structure Enquiry
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Property Valuation Enquiry
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Rental Appraisal Enquiry
Have you bought your first investment property and don’t know where to start when it comes to management - or are you just looking for a change? Find a property manager that specialises in customer service, communication, minimal rental arrears, routine inspections and quality tenants.
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Sale Contract Review Enquiry
Check your Contracts Before Making an Offer
If you are serious about purchasing or selling a property with the least hassle then you should engage the services of a reputable conveyancer or lawyer who specialises in property. Have your contracts looked over before buying your next dwelling, for any possible concerns like easements, titles and any caveats, body corporate rules, zoning and planning potential issues.
What is Conveyancing?
Conveyancing is the term used to describe the way that a title, rights or interest in land is legally transferred from one person to another.
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Building & Pest Inspection Enquiry
Understand the Condition of Your Property Before You Buy
Avoid any nasty surprises before purchasing your property. Request a building and pest inspection report. This report will tell you everything you need to know about the condition of the property, including interior and exterior defects, termite activity and the presence of environmental dangers such as asbestos.
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Post Purchase
- Landlords Insurance
- Depreciation Schedule
- 1. Capital works allowance (Division 43) Takes into account the construction costs of the building itself, such as concrete and brickwork
- 2. Plant and equipment (Division 40) A deduction available for removable assets identified by the ATO that depreciate at a faster rate than the building eg carpet, dishwasher, blinds, ovens.
- Removalist
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Depreciation Schedule Enquiry
What is a Depreciation Schedule?
A depreciation schedule of your investment prepared by a Quantity Surveyor for the purpose of claiming against your taxable income. There are two main elements taken into account when preparing this report.
Tax Depreciation Calculator
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Removalist Enquiry
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Take the stress out of relocating by getting in touch with an efficient and qualified removalist team. Professional removalists can help you with packing, loading and unloading during your local or interstate move.
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Adding value
- Planning & Permits
- Trades
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Planning & Permits Enquiry
Find Out Whether Your Property Has Development Potential
Would you like to find out whether your property is subdividable and if you can increase the value of your property by obtaining plans and permits? Or you are looking to extend or renovate your new purchase and need plans and permits?
Our property development experts review whether your property is suitable for development. They carry out the due diligence on the development potential of your property, look at the options available to you (fully costed and assessed), discuss a development strategy, prepare plans to submit to a town planner and local council, and work through applications to achieve town planning approval.
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Trades Enquiry
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Finding a qualified and reputable local tradesperson can be a hassle, whether you’re looking for an electrician, carpenter, plumber, builder, handyman, gardener or carpet cleaner. Be connected with the right tradesperson today.
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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
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.
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
5 MERRILONG ST
10 Cart Lane
5 WILSON STREET
21A Braeside Avenue
31 MT DANDENONG ROAD
39 HENDER ST
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
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