5 New StreetRingwood VIC 3134
Property Details for 5 New St, Ringwood
Last Listing description (September 2021)
Colliers are pleased to offer 5-9 New Street, Ringwood for sale via Expressions of Interest closing Thursday 9 September at 2pm. This outstanding offering is comprised over a generous land holding contained in three separate titles.
This is a rare opportunity and is one of the last remaining sites already amalgamated within the Ringwood Activity Centre which offers a generous site area with potential for scaled development of apartments, townhouses, childcare or other uses (STCA).
Key features of this development opportunity are noted below:
Total land area of 2,148m* over three titles
Short term fully let holding rental of $40,164 per annum
Situated within the Ringwood High School Zone
Fantastic location 540 metres from Eastland Shopping Centre and 700m* from Ringwood Train Station
Highly regarded eastern locale with a median house price of $1,025,000, which has enjoyed a growth of 36% growth since Q1 2019 to Q1 2021 (REIV)
* Denotes approx.
For further information, please contact the exclusive selling agents at Colliers.
Hamish Burgess
0421 641 497
Leon Ma
0417 070 725
Tanya Su
0430 302 950
Property History for 5 New St, Ringwood, VIC 3134
- 17 Sep 2021Sold for $1,400,000
- 02 Aug 2021Listed for Sale Contact Agent
- 30 Jul 2018Listed for Sale Not Disclosed
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About Ringwood 3134
The size of Ringwood is approximately 10.2 square kilometres. It has 35 parks covering nearly 13.2% of total area. The population of Ringwood in 2016 was 17471 people. By 2021 the population was 19144 showing a population growth of 9.6% in the area during that time. The predominant age group in Ringwood is 30-39 years. Households in Ringwood are primarily couples with children and are likely to be repaying $1800 - $2399 per month on mortgage repayments. In general, people in Ringwood work in a professional occupation.In 2021, 57.80% of the homes in Ringwood were owner-occupied compared with 58.60% in 2016.
Ringwood has 12,360 properties. Over the last 5 years, Houses in Ringwood have seen a 12.18% increase in median value, while Units have seen a 10.33% increase. As at 31 March 2026:
- The median value for Houses in Ringwood is $1,067,741 while the median value for Units is $651,431.
- Houses have a median rent of $650 while Units have a median rent of $550.
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