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Real Estate Appraisal Ringwood VIC 3134

How much is my home worth in Ringwood?

The median price for a house in Ringwood is $1,002,500 as of February 9, 2023. The median price for a unit is $600,000.

There have been 172 houses sold and 300 units sold in the last year. The average annual capital growth for houses is 4.02% and for units, it is 2.09%.

The 12-month capital growth is 3.60% on houses and for units, it is -4.24%.

The Demand to Supply Ratio or DSR rating has homes and units as good. Buyers are making reasonable offers, and sellers are not panicking.

For investors, this is a favourable market. Demand is outpacing supply, but not by much. Buyers rarely get away with making low-ball bids. Sellers almost always receive the pricing they demand. Growth will likely outpace the national average. It takes on average 25 days to sell a house and 33 days to sell a unit in Ringwood.

House prices and rent returns in Ringwood.

  • 2 bedroom home $840,000, Rent per week $435
  • 3 bedroom home $995,000 Rent per week $460
  • 4 bedroom home $1,109,500, Rent per week $577

Unit prices and rent returns in Ringwood.

  • 1 bedroom home $408,500, Rent per week $377
  • 2 bedroom home $561,000, Rent per week $400
  • 3 bedroom home $795,000, Rent per week $492

The Ringwood gross rental yield for houses is 2.60% and for units, it is 3.57%.

Free Real Estate Appraisal Ringwood

Selling your house in Ringwood? Do you want to know the current market price of your house or unit? Our appraisers will deliver an accurate appraisal based on recent sales data together with the location of amenities, schools and shops. Our agents will provide this valuation free of charge.

Free Rental Appraisal Ringwood

Do you have an investment property you wish to rent? Or, do you want to rent out your current home? Our property management team currently manages over 34,000 properties in Australia. Our focus is to maintain and care for your property so you can realise the maximum return on your investment. We use the latest software tools to organise our services and we provide full digital tax accounting files. We work closely with the landlord and report regularly on their property. We have a large database of potential tenants that we screen for security reasons.

Property Valuation Ringwood

The majority of people believe a property appraisal and a property valuation are the same. In part, this is true. However, if you need a valuation for legal purposes, you need to engage the services of a licenced property valuer. A valuation from a certified property valuer will cost you money. Or, if you just want to know how much your home is worth, then any registered real estate agent can give you a good understanding of what price you could get for your property, both for sales and rent.

If you want to know the value of your Ringwood home, request an appraisal today to speak to one of our experienced Property Consultants or Property Managers.

How do we appraise a property in Ringwood?

  • Recent property sales history in the Ringwood district
  • Location and the proximity to amenities
  • Accessibility of schools and shops
  • Comparison of market values
  • Condition and size of the property

Want to know what your Ringwood home is worth?

Recently Sold Properties in Ringwood

Lifestyle in Ringwood

Ringwood is a suburb of Melbourne, Victoria, Australia, located 23 kilometres east of Melbourne's CBD. The City of Maroondah is its local government area. Ringwood has a population of 17,471 people according to the 2016 Census. Neighbouring suburbs include Wantirna, Heathmont and Warranwood.

In Ringwood, there are two well-equipped reserves. Ringwood Lake Reserve contains two ovals and an aquatic complex, while Jubilee Park has two ovals and an aquatic centre.

The two train stops in Ringwood are the Heatherdale and Ringwood train stations.

There are a number of sporting complexes in Ringwood -

Schools in Ringwood

Ringwood Real Estate Agent Contact Details

Featured suburbs

Heathmont

VIC 3135

Heathmont is a suburb in the municipality of Maroondah, approximately 25km to the east of the Melbourne CBD.

View Suburb Profiles in the City of Maroondah