Ringwood North Tops Local Charts as Investment Hotspot with Highest Rental Yield

Ringwood North has surged ahead in the local property market, clinching the title as the suburb with the highest rental yield for investors, according to recent figures published by Ringwood Realty Data.

This comes at a crucial time as soaring interest rates and shifting migration patterns force investors to seek out suburbs that promise robust rental returns. With the demand for housing in Ringwood at a five-year high, distinguishing suburbs by rental performance is now critical for both first-time buyers and seasoned landlords.

Rental Returns Lead the Pack

Ringwood North, straddling the leafy corridors of Warrandyte Road and Oban Road, stands out for more than its family-friendly parks and proximity to Mullum Mullum Reserve. The latest report from local agency Homefield Property Group shows that units along Grange Road and houses near Loughnan Reserve are commanding not only higher tenant demand but also better yields than any other part of Ringwood.
The suburb’s close links to leading facilities like Norwood Secondary College and Eastland Shopping Centre have also played a role in attracting reliable long-term renters, according to property managers in the area.

Rental data released in June shows that the median rental price for a three-bedroom house in Ringwood North reached $630 per week, while the suburb’s median house price hovered around $960,000 for the March-May sales window. This translates to a gross rental yield of approximately 3.4%-the highest in Ringwood’s current postcodes, based on calculations by Ringwood Realty Data. Elsewhere in central Ringwood, rental yields on comparable properties average 2.7%, making the difference especially attractive for yield-driven investors.

What’s Next for Property Investors?

With construction work continuing at the Ringwood East Community Hub and steady upgrades taking place at Proclamation Park, real estate agents point to ongoing infrastructure improvements as a sign demand will remain strong. Several townhouse developments along Oban Road are already attracting off-plan buyers with rental guarantees, and local agency notices suggest limited vacancy rates-currently below 1.8% for the quarter ending June.
Investment advisers recommend careful review of council zoning when considering older homes for renovation or redevelopment, but the prospects in Ringwood North remain compelling for those looking to maximise rental returns. For investors aiming to capitalise on the suburb’s rising appeal, local letting specialists caution that well-presented homes near school catchments and transport links are likely to remain in shortest supply. Those searching for premium rental performance are advised to act promptly as new listings in Ringwood North are attracting multiple applications within the first week on market.

This article is general information only and is not personal financial or investment advice. Consider your own circumstances and seek licensed professional advice before making financial decisions.