Ringwood is a settled mid-to-large suburb in Victoria within the Maroondah local government area (postcode 3134). With a population of 19,144, the suburb has an established family demographic with a median age of 38. Households earn a median income of $86K per year, with an average household size of 2.4 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.0% year-on-year at the LGA level. VIC employment has moved +0.8% year-on-year in the official ABS Labour Force trend series, which provides the broader jobs backdrop for this suburb. VIC also had 41 Commonwealth-backed major projects under construction, 18 underway, and 24 in planning as at 2025-09-01, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, clerical & administrative, managers. Employment in the area leans toward healthcare and professional services. The top ancestries reported are English, Australian, Chinese.
Median house prices in Ringwood stand at $1.3 million, having surged by 25.6% over the last twelve months. Units have a median price of $559,000 (-11.3% YoY). The current median weekly rent is $560. This gives a gross rental yield of approximately 2.3%. The median monthly mortgage repayment is $2,000.
Ringwood is served by 7 schools, including 3 primary, 3 secondary, 1 combined. The average ICSEA score is 1070, which is above the national average of 1,000. Public transport access includes 15 rail stations, 104 bus stops. Healthcare facilities include 1 private hospital. The crime rate in the Maroondah LGA is moderate at 7,497 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 2.3% (low yield). Property prices are above the state median ($1.3M/$850K), placing it in the premium segment. The price-to-income ratio of 15.0x is considered stretched. House prices have moved +25.6% year-on-year. Population growth of +1.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.