All About Ringwood, Maroondah, VIC, 3134

Ringwood, located in the Maroondah municipality of Victoria, has become an attractive suburban area, drawing both families and professionals due to its strategic location and amenities. The housing market in Ringwood has been quite dynamic, reflecting broader trends seen in Melbourne's outskirts, with a steady demand for both buying and renting properties. The area offers a mix of housing options, ranging from modern apartments arising from urban developments to more classic suburban houses, providing options for different preferences and budgets. With the Eastland Shopping Centre, Ringwood provides ample retail and dining options, further enhancing its appeal. This accessibility, coupled with well-connected public transport systems like the Ringwood railway station, adds to the convenience, making commuting to Melbourne’s CBD relatively straightforward and appealing for city workers.

Living in Ringwood offers a balanced lifestyle with an array of community facilities and green spaces, making it particularly attractive for families. The locale boasts several parks and recreational spots, including the scenic Ringwood Lake Park, providing residents with opportunities for outdoor activities and relaxation. Additionally, the area is known for its decent educational institutions, and an array of healthcare facilities, ensuring a comprehensive community infrastructure. Social and cultural activities abound, with local events and community programs frequently organized to engage and support residents. While the community enjoys the perks of suburban living, the blend of tranquillity with the conveniences of urban amenities makes Ringwood a vibrant and comfortable place for various lifestyles.

Ringwood Real Estate Market Outlook

Thinking about buying in Ringwood? Now could not be a better time, with 13984 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,107,000 with prices in this suburb ranging from $293,000 to $12,326,000. The aproximate distance to the coast is 21 Km.

Consistent high demand relative to supply is a key feature in Ringwood driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. Incomes in Ringwood are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. The high percentage of professional people in Ringwood classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. Medium density in Ringwood necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.

Instant Property Valuation

---

---

---

---

---

Public Transport

---

General Points of Interest

---

Nearby Suburbs

Residz covers 12m+ Australian properties and brings together a wealth of data to give you a better understanding of an area. From crime and schools to bush fire, flood risk and more. Begin your search for properties for sale or learn more about where you currently reside. Residz is an exciting next-generation Real Estate platform getting better by the day!