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Sales Activity
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Population
Ringwood North is positioned among the lower quartile of areas assessed nationally for population growth based on AreaSearch's assessment of recent, and medium term trends
Ringwood North's population, as of Nov 2025, is approximately 9,803 people. This figure represents a growth of 149 individuals, a 1.5% increase from the 2021 Census count of 9,654 people. The change was inferred using ABS estimated resident population data from June 2024 and additional validated new addresses since the Census date. This results in a population density ratio of 2,072 persons per square kilometer, higher than average national locations assessed by AreaSearch. Ringwood North's growth rate of 1.5% since the census is within 2.5 percentage points of its SA4 region (4%), indicating strong growth fundamentals. Overseas migration contributed approximately 80.3% of overall population gains during recent periods.
AreaSearch uses ABS/Geoscience Australia projections for each SA2 area, released in 2024 with a base year of 2022. For areas not covered by this data, AreaSearch employs VIC State Government's Regional/LGA projections from 2023, adjusted using weighted aggregation methods to SA2 levels. Growth rates by age group are applied across all areas for years 2032 to 2041. Future population trends suggest a growth just below the national median, with an expected increase of 388 persons by 2041, resulting in a total gain of 4.0% over the 17-year period.
Frequently Asked Questions - Population
Development
The level of residential development activity in Ringwood North is very low in comparison to the average area assessed nationally by AreaSearch
Ringwood North has averaged approximately 18 new dwelling approvals annually over the past five financial years, from FY-21 to FY-25. A total of 92 homes were approved during this period, with an additional 4 approvals so far in FY-26. Despite a decrease in population, housing supply has remained adequate relative to demand, resulting in a balanced market with good buyer choice.
The average construction cost value for new properties is $472,000, which is slightly above the regional average, indicating a focus on quality developments. This financial year has seen $5.0 million in commercial approvals registered, suggesting the area's residential character. Compared to Greater Melbourne, Ringwood North has significantly less development activity, at 58.0% below the regional average per person, which typically strengthens demand and prices for existing properties. This lower activity also reflects market maturity and possible development constraints when compared nationally. New building activity consists of 57.0% detached dwellings and 43.0% townhouses or apartments, showing an expanding range of medium-density options that cater to various price brackets. This shift represents a considerable change from the current housing mix, which is predominantly houses (98.0%), and reflects reduced availability of development sites as well as shifting lifestyle demands and affordability requirements.
Ringwood North has a population density of approximately 749 people per dwelling approval, indicating a highly mature market. Looking ahead to 2041, Ringwood North is projected to grow by 388 residents. Based on current development patterns, new housing supply should readily meet demand, offering good conditions for buyers and potentially facilitating population growth beyond current projections.
Frequently Asked Questions - Development
Infrastructure
Ringwood North has strong levels of nearby infrastructure activity, ranking in the top 30% nationally
AreaSearch has identified 30 projects that could impact the area, with key ones being Manor Place Estate, Kubis Drive, Werac Drive, Ringwood North footpath construction, Ringwood North Liveable Neighbourhoods Project, and 170-172 Warrandyte Road Retail Development. The following list details those most relevant.
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Frequently Asked Questions - Infrastructure
Queen Elizabeth II Hospital (Maroondah Hospital Redevelopment)
Complete redevelopment and expansion of the existing Maroondah Hospital, to be renamed Queen Elizabeth II Hospital. The $1.05 billion project will deliver a new emergency department (14 extra treatment spaces), a dedicated children's emergency department, a new mental health hub, operating theatres, day procedure facilities, specialist care spaces, two six-storey inpatient towers with 200+ extra beds, and an expanded medical imaging unit. Once complete, the hospital is expected to treat an extra 9,000 in-patients and 22,400 extra emergency patients annually. The project is part of the Victorian Government's Hospital Infrastructure Delivery Fund. Planning for the masterplan and feasibility study is underway, with construction still expected to start in 2025 and completion by 2029.
Ringwood Residences
A landmark mixed-use development featuring a Holiday Inn hotel with approximately 80-82 residential apartments rising from levels 7 to 15 of a 15-level building. Designed by CHT Architects, the project offers hotel-style luxury amenities including pool, gym, restaurant, and concierge services for residents. Features timber oak flooring, floor-to-ceiling windows, natural color schemes, and modern finishes throughout. Located opposite Ringwood Lake Park and within walking distance to Eastland Shopping Centre and Ringwood train station, combining urban convenience with natural surroundings. Residents have separate access from the hotel while enjoying full access to hotel facilities. Developer incentives include 3-year rental guarantee at 5% per annum.
AC Hotel by Marriott - East End Ringwood
A 200-room AC Hotel by Marriott forming part of the East End mixed-use precinct in Ringwood. The project includes three towers with residential apartments, retail and commercial tenancies arranged around a landscaped public plaza. Hotel amenities are expected to include restaurant, bar, pool, gym and meeting spaces. Design by CHT Architects (now Life Architecture) features an undulating facade inspired by local topography.
The Ring Development
Major mixed-use development featuring three towers of between 10 and 21 levels with potential to house hundreds of apartments. Located on 9,428sqm of land abutting Eastlink. Part of Ringwood's transformation into a modern urban centre with significant dwelling capacity and commercial opportunities.
Ringwood North Liveable Neighbourhoods Project
A Maroondah Council initiative to develop a shared strategic plan (Place Opportunities Report) for a more liveable, vibrant, and inclusive neighbourhood activity centre in Ringwood North. The focus areas are placemaking, transport, housing, environment, and public spaces. Community consultation (surveys and workshops) has been completed, and the outcomes will inform future priorities and investment in the neighbourhood area. The project is funded by the Victorian Planning Authority (VPA) through their Streamlining for Growth (SfG) Fund 2022/23.
Ringwood Activity Centre Car Park
A new 6-level multi-deck commuter car park in the Ringwood Activity Centre providing 324 parking spaces including EV charging stations and accessible parking. The $33.2 million project is funded by the Australian Government and Maroondah City Council. The facility includes heritage preservation of the Blood Brothers storefront, improved pedestrian connectivity to Ringwood train station, extended shared user paths, and intersection safety improvements at Bedford Road and Greenwood Avenue. Construction commenced December 2023 with completion expected late 2025.
284-286 Maroondah Highway Development
Multi-storey residential apartment development on Maroondah Highway featuring modern design and convenient access to Ringwood's commercial and transport facilities. Strategic location provides excellent access to transport networks and commercial facilities along the highway corridor. Multi-story complex with retail components at ground level.
170-172 Warrandyte Road Retail Development
Corner freehold retail investment property on a substantial 1,423 sqm* site with four existing ground-floor retail shops. It is offered with approved permits for further development that retains the existing tenancies, allowing construction to occur while tenants are trading. Located in the Ringwood North shopping precinct. (*Approximate)
Employment
Ringwood North ranks among the top 25% of areas assessed nationally for overall employment performance
Ringwood North has a highly educated workforce with professional services well represented. The unemployment rate was 2.2% in the past year, with an estimated employment growth of 0.9%.
As of June 2025, 5334 residents were employed while the unemployment rate was 2.4% lower than Greater Melbourne's rate of 4.6%. Workforce participation was standard at 66.1%, compared to Greater Melbourne's 64.1%. Leading employment industries included health care & social assistance, education & training, and professional & technical services. Notably, the area had a high concentration in education & training, with employment levels at 1.2 times the regional average.
However, transport, postal & warehousing had limited presence with only 2.4% employment compared to the regional average of 5.2%. The predominantly residential area appeared to offer limited local employment opportunities, indicated by the count of Census working population versus resident population. Between June 2024 and June 2025, employment levels increased by 0.9%, while labour force grew by 0.6%, leading to a decrease in unemployment by 0.2 percentage points. In contrast, Greater Melbourne saw employment rise by 3.5%, labour force grow by 4.0%, and unemployment increase by 0.5 percentage points during the same period. Jobs and Skills Australia's national employment forecasts from May 2025 suggested potential future demand within Ringwood North. These projections estimated national employment growth of 6.6% over five years and 13.7% over ten years, with varying rates across industry sectors. Applying these projections to Ringwood North's employment mix indicated local growth of approximately 6.9% over five years and 14.0% over ten years.
Frequently Asked Questions - Employment
Income
Income metrics indicate excellent economic conditions, with the area achieving higher performance than 75% of national locations assessed by AreaSearch
AreaSearch's latest postcode level ATO data for financial year 2022 shows Ringwood North had a median income among taxpayers of $54,599 and an average of $73,163. This is above national averages, with Greater Melbourne having a median of $54,892 and an average of $73,761. Using Wage Price Index growth of 12.16% since financial year 2022, estimated incomes for September 2025 are approximately $61,238 (median) and $82,060 (average). The 2021 Census figures rank Ringwood North's household incomes at the 85th percentile ($2,330 weekly). The earnings profile indicates that 28.6% of locals (2,803 people) fall into the $1,500 - 2,999 category, similar to the surrounding region at 32.8%. High consumer spending is supported by 37.5% of households earning over $3,000 weekly. After housing costs, residents retain 88.0% of income, reflecting strong purchasing power. The area's SEIFA income ranking places it in the 8th decile.
Frequently Asked Questions - Income
Housing
Ringwood North is characterized by a predominantly suburban housing profile, with above-average rates of outright home ownership
Ringwood North's dwelling structure, as per the latest Census, consisted of 98.3% houses and 1.7% other dwellings (semi-detached, apartments, 'other' dwellings). This compares to Melbourne metro's 87.2% houses and 12.8% other dwellings. Home ownership in Ringwood North stood at 43.2%, with mortgaged dwellings at 44.4% and rented ones at 12.4%. The median monthly mortgage repayment was $2,200, higher than Melbourne metro's average of $2,000. The median weekly rent figure in Ringwood North was $436, compared to Melbourne metro's $385. Nationally, Ringwood North's mortgage repayments were significantly higher at $2,200 versus the Australian average of $1,863, and rents were substantially above the national figure of $375.
Frequently Asked Questions - Housing
Household Composition
Ringwood North features high concentrations of family households, with a higher-than-average median household size
Family households constitute 82.6% of all households, including 42.9% couples with children, 29.3% couples without children, and 10.0% single parent families. Non-family households comprise the remaining 17.4%, with lone person households at 15.8% and group households making up 1.5%. The median household size is 2.8 people, larger than the Greater Melbourne average of 2.6.
Frequently Asked Questions - Households
Local Schools & Education
Educational achievement in Ringwood North places it within the top 10% nationally, reflecting strong academic performance and high qualification levels across the community
The area's educational profile stands out regionally, with university qualification rates at 36.6% of residents aged 15+, exceeding the Australian average of 30.4% and the SA4 region's rate of 31.2%. Bachelor degrees are the most common, at 24.6%, followed by postgraduate qualifications (7.7%) and graduate diplomas (4.3%). Trade and technical skills are prominent, with 30.1% of residents aged 15+ holding vocational credentials – advanced diplomas (12.8%) and certificates (17.3%).
Educational participation is high, at 29.4%, including 9.6% in primary education, 8.9% in secondary education, and 5.2% pursuing tertiary education. Ringwood North's three schools have a combined enrollment of 1,102 students as of the latest data. The area demonstrates significant socio-educational advantages and academic achievement (ICSEA: 1105). All three schools focus exclusively on primary education, with secondary options available in surrounding areas. School places per 100 residents are at 11.2, falling below the regional average of 15.5, suggesting some students may attend schools in adjacent areas.
Frequently Asked Questions - Education
Schools Detail
Nearby Services & Amenities
Transport
Transport servicing is good compared to other areas nationally based on assessment of service frequency, route connectivity and accessibility
The analysis of public transport in Ringwood North shows that there are 56 active transport stops currently operating. These stops are used by a mix of bus services. Five individual routes service these stops, collectively providing 1,890 weekly passenger trips.
The accessibility of transport is rated as excellent, with residents typically located 198 meters from the nearest transport stop. On average, there are 270 trips per day across all routes, which equates to approximately 33 weekly trips per individual stop.
Frequently Asked Questions - Transport
Transport Stops Detail
Health
Ringwood North's residents are healthier than average in comparison to broader Australia with a fairly standard level of common health conditions seen across both young and old age cohorts
Ringwood North residents show relatively positive health outcomes with common conditions prevalent across both younger and older age groups.
Private health cover stands at approximately 56%, covering about 5,489 people. Asthma and arthritis are the most common medical conditions, affecting 8.1% and 7.5% of residents respectively. Around 69.7% report no medical ailments, compared to 68.7% in Greater Melbourne. The area has a higher proportion of seniors aged 65 and over at 21%, or 2,057 people, compared to the Greater Melbourne average of 19%. Health outcomes among seniors are above average, outperforming general population health metrics.
Frequently Asked Questions - Health
Cultural Diversity
The level of cultural diversity witnessed in Ringwood North was found to be above average when compared nationally for a number of language and cultural background related metrics
Ringwood North had a cultural diversity above average, with 23.2% born overseas and 17.5% speaking a language other than English at home. Christianity was the main religion in Ringwood North at 50.5%, compared to 45.6% across Greater Melbourne. The top three ancestry groups were English (25.8%), Australian (25.0%), and Irish (7.9%).
Notably, Dutch (1.8%) was overrepresented compared to the regional average of 2.1%. Similarly, Italian (5.1%) and Chinese (6.6%) were also overrepresented in Ringwood North versus their respective regional averages of 3.4% and 6.0%.
Frequently Asked Questions - Diversity
Age
Ringwood North hosts an older demographic, ranking in the top quartile nationwide
The median age in Ringwood North is 43 years, which is higher than Greater Melbourne's average of 37 years and exceeds the national average of 38 years. The age profile shows that those aged 65-74 years make up 10.7% of the population, while those aged 25-34 years comprise only 7.5%. Between 2021 and present, the percentage of people aged 75-84 has increased from 6.8% to 7.8%, while the 25-34 age group has decreased from 9.0% to 7.5%, and the 55-64 age group has dropped from 13.5% to 12.3%. By 2041, demographic projections indicate significant shifts in Ringwood North's age structure. The number of people aged 85+ is projected to rise substantially, increasing by 233 individuals (98%) from 239 to 473. Notably, the combined age groups of 65+ will account for 71% of total population growth, reflecting the area's aging demographic profile. Conversely, the 25-34 and 0-4 age cohorts are expected to experience population declines.