Ringwood offers Melbourne’s eastern middle-ring investors a combination of affordable entry prices, solid rental yields, and significant infrastructure upside through the Eastland redevelopment and Transit City planning framework.
Ringwood Rental Yield by Property Type
| Property Type | Median Price | Weekly Rent | Gross Yield |
|---|---|---|---|
| House (3 bed) | $875,000 | $520 | 3.1% |
| House (4 bed) | $1,020,000 | $620 | 3.2% |
| Unit (2 bed) | $480,000 | $420 | 4.5% |
| Unit (1 bed) | $360,000 | $340 | 4.9% |
| Townhouse | $680,000 | $490 | 3.7% |
Net Yield Calculation
| Item | House | Unit (2 bed) |
|---|---|---|
| Gross rental income | $27,040/yr | $21,840/yr |
| Less: property management (8%) | -$2,163 | -$1,747 |
| Less: council rates | -$1,800 | -$1,200 |
| Less: insurance | -$1,400 | -$900 |
| Less: maintenance (est.) | -$2,500 | -$1,000 |
| Net yield | 2.0% | 3.6% |
Ringwood Yield vs Comparable Suburbs
| Suburb | House Yield | Unit Yield | Median House Price |
|---|---|---|---|
| Ringwood | 3.1% | 4.5% | $875,000 |
| Croydon | 3.3% | 4.6% | $820,000 |
| Mitcham | 3.0% | 4.4% | $910,000 |
| Box Hill | 2.6% | 4.2% | $1,180,000 |
| Doncaster | 2.5% | 4.3% | $1,380,000 |
What Drives Rental Demand in Ringwood?
- Eastland shopping centre (150+ retailers, major employer)
- Ringwood Train Station (Lilydale and Belgrave line hub)
- Maroondah Hospital proximity
- Eastern Ring Road access for interstate commuters
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