May 12th 2015
The REIV recorded a median house price of $690,000 for Ringwood for the March 2015 quarter, an annual increase of 14.5 per cent. This increase is the greatest in the City of Maroondah over the past year, and we have certainly seen evidence of Ringwood’s increasing desirability.
Ideally located just 23 km from the CBD, Ringwood provides a relaxed, family-oriented lifestyle away from the hustle and bustle of city living. However if you do need to travel to the city for work or play, thoroughfares to the CBD are easily accessible, with Eastlink and the Maroondah Highway nearby.
The upgrade of Eastland is attracting more buyers to the area, with changes scheduled later this year, with final completion by mid 2016. The new Eastland is designed to create engaging experiences for a vibrant and evolving urban community, bringing together the finest in contemporary gastronomy, fashion, style and design.
Recently, we have achieved some highlight sales in the area, including the elevated family home at 17 Federico Court in Ringwood, which sold for $830,000 at auction. The four bedroom, two bathroom home is positioned near numerous schools and is a short walk from a local reserve. Boasting outstanding views to the Dandenongs, 4 Panfield Avenue in Ringwood is a five bedroom, three bathroom home that also achieved an excellent result, selling prior to auction.
If you would like to speak an experienced Ringwood real estate agent who knows the local area, please contact one of our Ringwood Real Estate agents today.