Market snapshot
Suburb insights for Ringwood3134
Change suburbRingwood, approximately 23 km east of Melbourne’s CBD, is a vibrant hub of activity that combines retail, transport, and lifestyle convenience. Anchored by Eastland Shopping Centre and Ringwood Station, the suburb offers easy access to the Eastern Freeway and major public transport links. With parks such as Ringwood Lake and a choice of quality schools, it attracts families, young professionals, and downsizers alike. Its mix of established homes and modern apartments makes it an appealing option for those seeking both convenience and a strong sense of community.
Sales data
Median sale price
$1.1mil
Quarterly price change
4.1%
Metro Melbourne Comparison
$974k
1.8%
| Bedrooms | Ringwood | Metro comparison |
|---|---|---|
| 2 | $779,000 | $940,000 |
| 3 | $989,000 | $851,000 |
| 4 | $1,232,500 | $970,000 |
| Insight | Ringwood | Metro comparison |
|---|---|---|
| Clearance rate | 83% | 77.8% |
| Days on market | 30 | 36 |
Rental data
Median weekly rent
$600
Rental yield
3%
Metro Melbourne Comparison
$580
3.2%
| Bedrooms | Ringwood | Metro comparison |
|---|---|---|
| 2 | $550 | $585 |
| 3 | $600 | $550 |
| 4 | $660 | $600 |
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