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

Ringwood North sits on higher ground above Ringwood and has a quieter, leafy residential feel while keeping Ringwood’s shops and services within easy reach. Streets are lined with established trees and characterised by mid-century brick homes and bungalows, with pockets of renovated houses and newer infill on larger suburban blocks. There is parkland and walking tracks along Mullum Mullum Creek, local sporting fields and reserves, and convenient access to Eastland and Ringwood station on the Lilydale and Belgrave lines; some elevated streets pick up views toward the Dandenong Ranges.

About 9,964 people live here, with a median age of 43, and the community is weighted towards families—couple families with children are the largest group. Owner-occupation is dominant at 87.9% of homes. Recent and planned local works include a substantial upgrade to Norwood Reserve (with staged revegetation), car-park improvements at McAlpin Reserve, funding for Ringwood North Primary School toilet refurbishment, and a Glenvale Road reconstruction and upgrade in planning. Whether Ringwood North suits you depends on what you want from a suburb.

In Ringwood North, a median house price of $1,170,000 works out to about 9.6 times a typical local household's annual income at the last Census, which places buying well above local incomes. Renting a house at about $700 a week would take roughly 30% of a typical local household's weekly income at the last Census, a sizeable share, so renting and buying present different levels of stretch against local incomes.

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

The clearest movement in Ringwood North over the past 12 months is in unit prices, which climbed strongly by 26.8%. House values also rose, up a solid 7.7% over the year.

On the income side, house rents increased by 8.5%, so rental income from houses grew slightly faster than house values (8.5% versus 7.7%). That leaves the year with units showing the largest capital gain and houses showing solid rent growth; which of those matters more will depend on whether you prioritise capital growth or rental income in your own plans.

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.