$391 —
Higher than 65% of state electorate areas.
- 2016: $346
- 2021: $391
Median weekly rent paid by households renting their home.
Ringwood (Eastern Metropolitan) · State Electorate
Where and how people live — the homes, how they are held, and what they cost.
A typical monthly mortgage of $2,100 makes Ringwood a relatively expensive place to live compared to most other areas. This cost burden is felt across the market, as both mortgage payments and weekly rents have risen since 2016.
All state electorate areas, 2021. The marker is Ringwood (Eastern Metropolitan) — higher than 65% of areas.
| Ringwood (Eastern Metropolitan) | $391 |
|---|---|
| Greater Melbourne | $390 |
| Victoria | $370 |
| Australia | $375 |
Rents, mortgages and crowding.
Typical monthly mortgage payments are much higher than most areas, sitting at $2,100. Weekly rents are also higher than most areas at $391, which is about the same as the Victorian figure of $370.
$391 —
Higher than 65% of state electorate areas.
Median weekly rent paid by households renting their home.
$2,100 —
Higher than 76% of state electorate areas.
Median monthly mortgage repayment for households with a mortgage.
In Ringwood (Eastern Metropolitan), $350–$549 is the majority at 62%; $200–$349 is next at 21%.
In Ringwood (Eastern Metropolitan), the largest group is $1,800–$2,999 at 37%, followed by $3,000 or more (25%) and $1,000–$1,799 (23%).
How homes are owned or rented.
Ownership patterns are about the same as the state and national figures, with 31.6% of homes owned outright. Around 30.4% of households are renting, a figure that has barely changed since 2016.
30.4% —
Higher than 58% of state electorate areas.
Share of occupied private dwellings that are rented.
31.6% —
Higher than 52% of state electorate areas.
Share of occupied private dwellings owned outright (no mortgage).
Ringwood (Eastern Metropolitan) splits fairly evenly between Owned with a mortgage (36%) and Owned outright (32%), with Rented at 30%.
Houses, townhouses, apartments and bedrooms.
Separate houses make up 76.1% of the market, which is well above the national figure. However, the area has far fewer large homes than most other areas, with only 69.4% having three or more bedrooms.
0.80 —
Lower than 71% of state electorate areas.
Average number of usual residents per bedroom — a crowding measure.
76.1% —
Lower than 61% of state electorate areas.
Share of occupied private dwellings that are separate houses.
69.4% —
Lower than 74% of state electorate areas.
Share of occupied private dwellings with three or more bedrooms.
In Ringwood (Eastern Metropolitan), Separate house is the majority at 76%; Townhouse / semi-detached is next at 18%.
In Ringwood (Eastern Metropolitan), the largest group is 3 bedrooms at 44%, followed by 2 bedrooms (26%) and 4 bedrooms (22%).
Australian Bureau of Statistics. (2021). Housing & Dwellings in Ringwood (Eastern Metropolitan) [Census of Population and Housing]. CensusAtlas, used under CC BY 4.0. https://censusatlas.au/region/sed/SED27101/ringwood/topic/housing-dwellings