All About Ringwood North, Maroondah, VIC, 3134

Ringwood North, located in the City of Maroondah in Victoria, offers a suburban lifestyle that appeals to families and professionals seeking a blend of tranquility and accessibility. The housing market in Ringwood North has seen steady demand, fueled by its green surroundings and the well-established community infrastructure. Properties in this area typically range from family-sized homes with spacious gardens to modern townhouses, providing diverse options for potential homeowners. The relative affordability compared to inner-city Melbourne makes it an attractive option for buyers and investors, contributing to ongoing interest in the region. Recent trends suggest that while property prices have generally risen, the area remains more accessible compared to some of the more densely populated suburbs closer to the city center, drawing those looking for a suburban retreat without sacrificing commuting convenience.

Living in Ringwood North provides residents with a balanced lifestyle, combining suburban peace with proximity to urban amenities. The suburb boasts an abundance of parks and green spaces, such as the popular Ringwood North Reserve, perfect for outdoor activities and relaxation. Shopping and dining options are plentiful, with Eastland Shopping Centre nearby, providing a range of retail and culinary experiences. The community is well-served by schools, making it particularly appealing to families with children. Public transport options, including nearby train stations and bus routes, ensure easy access to Melbourne's central business district and surrounding areas. Overall, Ringwood North offers a comfortable and community-oriented environment, ideal for those seeking the benefits of suburban living within reach of metropolitan conveniences.

Ringwood North Real Estate Market Outlook

Thinking about buying in Ringwood North? Now could not be a better time, with 4220 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,489,000 with prices in this suburb ranging from $432,000 to $4,297,000. The aproximate distance to the coast is 22 Km.

Consistent high demand relative to supply is a key feature in Ringwood North driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Ringwood North ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. A mix of professions and above average income earners in Ringwood North provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. Medium density in Ringwood North necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Lower than average industry presence in Ringwood North we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Ringwood North a better buying opportunity than it may have been in the past.

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