Ringwood Property Market & Buyers Agents 2026

Ringwood's property market is a tale of two asset types, defined by its role as a designated Activity Centre in Melbourne's eastern corridor. The median house price sits around $1.04 million, showing a compound annual growth rate of 3.3%. This steady, if not spectacular, growth reflects the suburb's maturity and consistent demand from family buyers seeking space, amenity, and quality school zones. The market for houses is characterized by tight supply, with an average hold period of over 12 years, which helps to support price resilience. Days on market for houses hovers around a balanced 32 days.

The unit market, with a median price of $645,000, tells a different story. Significant high-density development, particularly around Eastland and the train station, has increased supply considerably. While this has provided more affordable entry points for first-home buyers and investors, it has also moderated capital growth for units, which sits at 3.2% annually. However, this segment offers stronger rental returns, with yields for units at approximately 4.5% compared to 3.4% for houses, driven by strong demand from young professionals and students. Low vacancy rates, often below 1%, underscore the strength of the rental market.

For investors, the market requires careful navigation. While houses offer stable, long-term growth, the entry price is significant. Units provide better cash flow but face higher supply levels. A buyer's agent would be crucial in identifying pockets of value, such as older-style villas with renovation potential or houses on blocks suitable for future subdivision, away from the high-density zones. The market is considered balanced, with auction clearance rates around 67%, suggesting that while competition exists, there are opportunities for discerning buyers who understand the local nuances.

Ringwood, located 25 kilometres east of Melbourne's CBD, is a key metropolitan activity centre within the City of Maroondah. Its character is a blend of urban convenience and suburban comfort, defined by the major retail precinct of Eastland Shopping Centre, which offers a vast array of shops, dining, and a cinema complex.

Education is a significant drawcard, with a range of respected schools including Ringwood Secondary College, Norwood Secondary College, the independent Yarra Valley Grammar, and Catholic secondary school Aquinas College. Primary options include Kalinda Primary School and Mullum Primary School.

The suburb is exceptionally well-connected. Ringwood Station is a major interchange on the Belgrave and Lilydale train lines, providing a direct route to the CBD in about 45 minutes. A major bus interchange also services numerous routes across the eastern suburbs, including the 901 SmartBus to Melbourne Airport. For drivers, the EastLink tollway and Eastern Freeway offer efficient travel across the city and down to the Mornington Peninsula.

For recreation, Ringwood Lake Park is the suburb's green heart, an 8.5-hectare reserve with a lake, walking trails, playgrounds, and picnic facilities. The area is also dotted with numerous smaller reserves and provides access to the Mullum Mullum Creek Trail for cyclists and walkers. The state-of-the-art Aquanation leisure centre provides comprehensive swimming and fitness facilities for the community.