Ringwood North

Ringwood North, VIC 3134, is a vibrant suburb with a growing population of 9,964 residents. The area appeals to families and professionals, with various age groups represented. The suburb boasts a high level of educational advantage, making it attractive for families seeking quality schooling options. Residents enjoy a mix of commuting options including train, bus, and driving, with a significant portion working from home. The suburb offers a balance of community services and recreational facilities, catering to different lifestyles. For house investors, Ringwood North presents opportunities for renovation with a moderate sale price IQR ratio, indicating a potential for higher returns on investment. The market absorption rate is favourable, suggesting strong demand and potential for property value growth. With a low vacancy rate and high room demand-supply ratio, the suburb is ideal for investors seeking stable rental income. For unit investors, the area provides a steady rental market with a reasonable yield and low stock on market rate, indicating a healthy balance between supply and demand. Ringwood North, VIC 3134, offers a desirable lifestyle with various amenities and transport options. The suburb's property market is attractive for investors, particularly those looking to renovate houses for potentially higher returns. With a growing population and strong demand for rental properties, Ringwood North presents promising opportunities for both homeowners and property investors. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022