Ringwood North
Ringwood North pairs a $1,205,000 median with SEIFA decile 9-10 readings across all four indices, placing it firmly in Melbourne's eastern affluent belt. The suburb is 98.3% detached houses, a purity of housing stock that is rare even among established suburbs. Over 14 years the median grew from $630,500 to $1,205,000 (CAGR 4.7%), but a decline from the $1,320,000 peak in late 2023 to $1,205,000 in mid-2024 signals a correction of 8.7%. Crime sits at 20.6 per 1,000 residents, among the lowest rates in this dataset, and the turnover rate of just 13.6% confirms an entrenched resident base. Overseas migration (+374/year) now exceeds internal migration (-200/year outflow).
Population
9,964
Median Age
43.0
Household IncomeiMedian weekly household income (ABS Census)
$2,335/wk
DAs (12 months)iDevelopment Applications lodged in the past year
2
Median House
$1.2M
Apr-Jun 2024
The $1,205,000 median reflects an 8.7% correction from the $1,320,000 peak in Q4 2023, presenting a buying window for those who missed the top. Over 14 years, the CAGR of 4.7% from $630,500 demonstrates solid long-term capital growth. With 98.3% detached housing, buyers have almost no apartment or townhouse stock to choose from. Three- and four-bedroom homes dominate (39.5% and 53.3% respectively), suiting families. Mortgage-to-income at 21.8% is comfortable, well below the stress threshold. All 3 schools score above the 1,100 ICSEA level, placing them in the top tier nationally. The 86.4% of residents who stayed put over 5 years signals a settled community.
For Buyers
The $1,205,000 median reflects an 8.7% correction from the $1,320,000 peak in Q4 2023, presenting a buying window for those who missed the top. Over 14 years, the CAGR of 4.7% from $630,500 demonstrates solid long-term capital growth. With 98.3% detached housing, buyers have almost no apartment or townhouse stock to choose from. Three- and four-bedroom homes dominate (39.5% and 53.3% respectively), suiting families. Mortgage-to-income at 21.8% is comfortable, well below the stress threshold. All 3 schools score above the 1,100 ICSEA level, placing them in the top tier nationally. The 86.4% of residents who stayed put over 5 years signals a settled community.
For Investors
With only 12.0% renters, Ringwood North offers one of the shallowest tenant pools in this dataset, well below the national average. Median weekly rent of $436 against a $1,205,000 median produces a gross yield of just 1.9%, among the lowest possible returns. The vacancy rate of 4.2% is moderate. This is a capital-growth play rather than a yield strategy: the long-run CAGR of 4.7% over 14 years provides the return. Only 2 DAs were lodged in 12 months, meaning new supply is virtually non-existent, which supports price stability. Net overseas migration of +374 per year is the growth driver, offset by internal outflow of -200.
Development Activity
Total DAs
6
Last 12 Months
2
YoY ChangeiYear-over-year change in DA lodgements
—
Avg DA CostiAverage estimated cost per DA in the past year
N/A
Monthly DA Lodgements
DA Categories
Schools in Ringwood North iICSEA: school advantage index. 1000 = national avg, higher = more advantaged
Ringwood North Primary School
Prep-6 · 471 students
Ringwood Heights Primary School
Prep-6 · 215 students
Holy Spirit School
Prep-6 · 386 students
Demographics
The median age of 43 is 3 years above national, reflecting an established family suburb. English ancestry leads (3,525), with Chinese (895) forming the largest non-European group. Only 23.1% were born overseas, just 1.5 points above national. University qualifications at 45.2% are 15.1 percentage points above the national average, consistent with the IEO decile 8 reading. Average household size of 2.8 exceeds national, with couples-with-children (3,765 families) far outnumbering couples-without (2,129). Mandarin (248 speakers) is the most common non-English language, followed by Cantonese (79), Italian (49) and Greek (47), reflecting both new Asian migration and older European settlement.
Age Distribution
Bedrooms
Dwelling Structure
98.3%
Houses
0.9%
Townhouse
0.8%
Apartment
Tenure
Owner-occupiers overwhelmingly dominate: 43.5% own outright and 44.4% hold mortgages, leaving just 12.0% renting. The dwelling stock is 98.3% detached houses, with semi-detached and apartments each under 1%. Four-bedroom homes (53.3%) outnumber three-bedroom (39.5%), while studios/one-bedrooms are virtually absent at 0.5%. The median of $1,205,000 peaked at $1,320,000 in Q4 2023 before correcting 8.7%. Over 14 years from $630,500, this represents a 91.1% total gain. Mortgage-to-income at 21.8% and rent-to-income at 18.7% are both well below stress thresholds, indicating comfortable affordability relative to local incomes.
Median House Price Trend
Source: State Valuer-General
Mortgage / mo
$2,200
Rent / wk
$436
HH Size
2.8
Personal Income / wk
$882
Vacancy Ratei% of dwellings unoccupied on Census night (ABS 2021)
4.2%
Unoccupied
151
Rent / IncomeiMedian rent as % of household income. Over 30% = housing stress
18.7%
Mortgage / IncomeiMedian mortgage as % of household income. Over 30% = housing stress
21.8%
Community Profile
Languages Spoken at Home
Ancestry
Household Composition
24.3%
Couples, no children
8,772
Total families
Economy & Employment
Employment is spread across knowledge-economy sectors: Healthcare leads at 17.4% (653), followed by Education (13.5%, 507), Professional/Tech (13.2%, 494) and Construction (10.7%, 402). This diversification provides resilience compared to single-sector suburbs. Professionals (1,471) and Managers (900) together account for nearly half of all workers, consistent with the high education levels. The unemployment rate of 4.0% is below the national average, and the participation rate of 62.5% is solid. The IER decile 10 (highest nationally) confirms the suburb's exceptional concentration of economic resources, reflecting accumulated home equity and asset wealth.
Unemployment
6.2%
Labour Force
11,174
Unemployed
690
Quarterly Trend
Source: SALM Dec-25
Socio-Economic Indexes (SEIFA)iABS index ranking suburbs from 1 (most disadvantaged) to 10 (most advantaged)
Full-time
61.5%
Part-time
34.5%
Participation
62.5%
Employed
4,886
Occupations
Top Industries
University
45.2%
Postgraduate
10.6%
Born Overseas
23.1%
Dwellings
3,422
Transport to Work
Crime at 20.6 per 1,000 is well below the Victorian metro average, with property offences (104) accounting for over half of total incidents. Car dependency is high at 89.1%, with public transport at only 2.7%. The school offering is strong: Ringwood North Primary (ICSEA 1,107, 471 students), Ringwood Heights Primary (ICSEA 1,104, 215) and Holy Spirit School (ICSEA 1,102, 386) all rank significantly above the national benchmark. SEIFA readings at IRSAD decile 9 and IRSD decile 9 confirm top-tier socio-economic advantage across both relative disadvantage and advantage measures.
Drive
89.1%
Public Transport
2.7%
Walk / Cycle
2.0%
Work from Home
N/A
Population Forecast
+1.05%/yr
(+208 people/yr)
EstablishedPopulation growth averages 1.05% per year (208 persons), moderate by metro standards. The 16.9% gain over the past decade reflects organic growth in an established area rather than greenfield expansion. The key migration dynamic is a net internal outflow of -200 per year offset by overseas arrivals of +374, meaning the suburb is losing domestic residents to more affordable alternatives while gaining international migrants. Medium projections forecast 21,042 by 2031, up from 19,779 in 2025. The gentrification score of 16 reflects a suburb already at the top of the socio-economic spectrum with minimal room for further upward shift.
Historical + Forecast
Hamilton-Perry + Holt smoothing on ERP 2001-2025
Age Cohort Forecast
Primary Driver
Overseas Migration
Net Overseas / yr
+374
Net Internal / yr
-200
Gentrification Signal
Not gentrifying
Population +19% since 2011, Net internal outflow -200/yr, Strong overseas inflow +374/yr
Safety & Crime
Total Offences
205
Year ending June 2024
Rate per 1,000 People
20.6
Offence Categories
Source: Crime Statistics Agency Victoria / SA Police
National Ranking iPercentile rank among ~15,000 AU suburbs. 90% = higher than 90% of suburbs
How Ringwood North compares to ~15,000 Australian suburbs
Frequently Asked Questions
Is Ringwood North a good suburb to live in?
Ringwood North scores highly on livability metrics: IRSAD decile 9, crime at just 20.6 per 1,000, all 3 schools above ICSEA 1,100, and a settled community (86.4% stayed 5 years). The $1,205,000 median suits established families. The trade-off is near-total car dependency (89.1% drive) and a correcting price market (down 8.7% from peak).
What is the median house price in Ringwood North?
The median is $1,205,000 (Apr-Jun 2024), down 8.7% from the $1,320,000 peak in Q4 2023. Over 14 years, prices grew from $630,500, a 91.1% gain (CAGR 4.7%). Monthly mortgage repayments are $2,200, producing a mortgage-to-income ratio of 21.8%. Median weekly rent is $436.
What schools are in Ringwood North?
Ringwood North has 3 schools, all above ICSEA 1,100: Ringwood North Primary (1,107, 471 students), Ringwood Heights Primary (1,104, 215 students), and Holy Spirit School (Catholic, 1,102, 386 students). All sit more than 100 points above the national benchmark of 1,000.
Is Ringwood North safe?
With a crime rate of 20.6 per 1,000 residents, Ringwood North sits well below the Victorian suburban average. Property and deception offences (104) dominate, with crimes against the person at 73. The IRSD decile 9 indicates very low relative disadvantage, a factor that correlates with lower crime rates nationally.
Is Ringwood North good for property investment?
Ringwood North is a capital-growth play, not a yield strategy. Gross yield is only 1.9% ($436/week on $1,205,000), and the 12.0% renter share limits the tenant pool. However, 14-year CAGR of 4.7% demonstrates consistent appreciation. Only 2 DAs in 12 months means minimal new supply pressure. The 8.7% price correction from peak may present an entry opportunity.
How is Ringwood North's population changing?
Growth averages 1.05% (208 people) per year, with a 16.9% gain over the decade. Overseas migration at +374/year is offset by domestic outflow of -200, a pattern of international arrivals replacing departing locals. Medium projections forecast 21,042 by 2031. The median age of 43 is 3 years above national.
How to read these comparisons
Phrases like "above the national average" reference the unweighted median across Australian suburbs with more than 1,000 residents, not population-weighted national figures. Suburb-level medians are more useful for ranking suburbs against each other; ABS census headlines are population-weighted (so dominated by Sydney and Melbourne) and can read very differently.
Current baseline (refreshed 2026-05-10): median age 40, university-educated 30.1%, born overseas 21.6%, average household size 2.5 people.
Data sources: ABS 2021 Census (demographics, income, tenure), state Valuer-General (house prices), Department of Jobs SALM (unemployment), ACARA (school ICSEA), state Crime Statistics agencies (offences), council DA portals (development applications). Population forecasts use a Hamilton-Perry cohort model calibrated to ABS ERP.
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