Market snapshot
Suburb insights for Ringwood East3135
Change suburbRingwood East is located 25 km east of the CBD. Like many other established suburbs in Melbourne Ringwood East's population has fallen and aged over the last 20 years. The suburb is primarily residential in nature with some light commercial areas. Ringwood East is traversed by the Lilydale railway line and features Wombolano Park the Maroondah Hospital the Karralyka Theatre and the City of Maroondah council offices.
Sales data
Median sale price
$1.1mil
Quarterly price change
9.9%
Metro Melbourne Comparison
$923k
2.7%
| Bedrooms | Ringwood East | Metro comparison |
|---|---|---|
| 2 | $744,250 | $881,200 |
| 3 | $950,000 | $810,000 |
| 4 | $1,150,000 | $942,350 |
| Insight | Ringwood East | Metro comparison |
|---|---|---|
| Clearance rate | 84.6% | 78.5% |
| Days on market | 28 | 42 |
Rental data
Median weekly rent
$585
Rental yield
3%
Metro Melbourne Comparison
$580
3.3%
| Bedrooms | Ringwood East | Metro comparison |
|---|---|---|
| 2 | - | $580 |
| 3 | $570 | $550 |
| 4 | $680 | $600 |
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