Median prices in Ringwood have gone up almost 20% over the past 12 months according to RPdata
http://www.realestate.com.au/neighbourhoods/ringwood-3134-vic
Lot of this no doubt can be attributed to the massive developments that are occurring and will be occurring over the next couple of years
http://www.maroondah.vic.gov.au/4415.aspx
I would like your thoughts on whether there is still potential for further capital gains in the next 5 years when all the development is finished? Do you think it is too late to buy a small house or large unit (450-500K, 200-250sqm, 2,1,1) in Ringwood given how much the price has moved? In your opinion, are there better areas from a capital gains perspective wise in Melbourne?
Look forward to your thoughts.
http://www.realestate.com.au/neighbourhoods/ringwood-3134-vic
Lot of this no doubt can be attributed to the massive developments that are occurring and will be occurring over the next couple of years
http://www.maroondah.vic.gov.au/4415.aspx
I would like your thoughts on whether there is still potential for further capital gains in the next 5 years when all the development is finished? Do you think it is too late to buy a small house or large unit (450-500K, 200-250sqm, 2,1,1) in Ringwood given how much the price has moved? In your opinion, are there better areas from a capital gains perspective wise in Melbourne?
Look forward to your thoughts.