Melbourne outer east · VIC 3134

Buyers agent in Ringwood

One of the tightest rental markets in Melbourne, sitting on ten years of almost no capital growth.

Figures below are August 2026, suburb level, all bedroom counts. Full Maroondah council report.

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The Ringwood numbers

Houses

$997,519

Typical price

$649

Weekly rent

3.38%

Gross yield

+1.3%

Growth a year, 10yr

+0.8%

Growth, last 12mth

242

Sales a year

Units

$612,137

Typical price

$566

Weekly rent

4.81%

Gross yield

+0.8%

Growth a year, 10yr

+0.8%

Growth, last 12mth

268

Sales a year

Vacancy rate 1.04% across roughly 11,198 dwellings. HtAG Analytics, suburb level, all bedroom counts. Typical price is a modelled estimate, not a median of recent sales.

The honest read

What I'd tell you over a coffee

Ringwood vacancy is 1.04%. That is one of the tightest rental markets on this whole list, and if you own here your property is almost never empty.

Rent has grown 4.90% a year over the decade to $649 a week. That is a genuinely good rent number and it is the best thing about the suburb.

Now the other half. The typical Ringwood house has grown 1.32% a year over ten years, to $997,519. Five years at 0.30%. The last twelve months at 0.76%.

So the rent works and the capital has not. That combination is worth understanding rather than dismissing. It usually means new supply keeps arriving fast enough to absorb the demand, and around Ringwood station that is exactly what has happened.

Units tell the same story at $612,137, 0.84% a year over the decade, on a 4.81% yield.

242 house sales a year across about 11,198 dwellings. Reasonable turnover, and no scarcity premium to pay.

Who Ringwood suits

Someone who wants Eastland, the train line and a house on land under a million, and is buying it to live in. A 3.38% yield and 1.04% vacancy make it a comfortable thing to hold. Just do not expect the capital to do the work.

What I'd watch

Put it next to Langwarrin before you decide. The two are within a couple of thousand dollars of each other today, and one of them compounded at 5.79% a year to get here while Ringwood did 1.32%. Same price now, very different ten years behind it.

How I work

Flat $20,000 fee, whatever you buy and wherever it is
No commissions from agents, developers or builders
I'll tell you when a suburb doesn't stack up, including this one

How the process runs

Fair questions

Buying in Ringwood, answered

Is Ringwood a good investment?

It has been a good rental property and a poor growth one. 1.04% vacancy and 4.90% a year rent growth against 1.32% a year on the price. If your strategy needs cash flow and you already have growth elsewhere in the portfolio, it has an argument. If you are buying one property and you need it to grow, I would look further south.

What does a house cost in Ringwood?

About $997,519 as at August 2026, on roughly 242 sales a year. Units are $612,137 on about 268 sales.

Why is the vacancy rate so low?

It is the end of the train line, it has Eastland, and it has a large rental pool that does not want to leave the area. Demand is not the issue in Ringwood. Supply is why the price has not moved.

Other Melbourne suburbs

Same treatment, same data, different answer in every one of them.

Thinking seriously about Ringwood? Read the full Maroondah council report before you look at a single listing.

Read the council report Book my free call