Get a property report and suburb profile for any property in Ringwood East

Ringwood East is a leafy, established eastern suburb with a village feel centred on a small shopping strip and its local train station. Tree-lined streets and a mix of post-war weatherboard and brick homes alongside newer townhouses give it a residential character that appeals to families, professionals and downsizers, while Mullum Mullum Creek and adjacent reserves provide walking and cycling trails and pockets of native bushland.

Home to 10,764 people with a median age of 38 and a median household income of $1,817 a week (about $94,500 a year), the community is dominated by couple families and is mostly owner-occupied. Regular rail services and arterial roads link to the wider eastern suburbs, and the rebuilt station provides lifts, improved pedestrian and cycling links and an expanded car park of around 460 spaces. Streetscape upgrades, a laneway pop-up park and an off-road Bedford Road cycle path are also in place or under construction. Whether Ringwood East suits you will come down to whether you value quieter residential streets with nearby parks and local shops.

In Ringwood East, compared with the typical local household income as recorded at the most recent Census, buying looks stretched. The median house price of $905,000 is about 9.6 times a typical local annual household income at the last Census (weekly household income was $1,817 at that Census), while the median unit price of $700,000 is about 7.4 times that annual income.

If you're renting, a house rent of $650 a week would take about 35.8% of a typical local household's weekly income at the last Census, a sizeable share, and a unit rent of $523 a week would take about 28.8%, a moderate share. Whether that feels expensive depends on your own income and circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Rents have generally climbed faster than prices in Ringwood East over the past 12 months. Median house values edged up 0.2% while house rents rose 3.2%, so the rent a house earns increased more quickly than its price. On the unit side median unit values rose 2.3% and unit rents increased 4.6%, meaning unit rents also outpaced unit prices over the year.

For someone weighing Ringwood East as an investment, the figures separate capital growth from rental income: capital growth was slight for houses and modest for units, while rental income showed modest increases for both. Which of those outcomes matters most depends on your own goals and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.