9 Highland Boulevard, Ringwood VIC 3134
9 Highland Boulevard, Ringwood VIC 3134
3-2-2 detached house | 705m² land | established owner-occupied street | strong school catchments | low local turnover
A detached house on a 705m² block is a comparatively rare form in a suburb where much recent supply has been higher-density. The property is positioned in an established residential street with very low turnover and an overwhelmingly owner-occupied population, which creates a settled streetscape and a stable sense of place. School catchments for Kalinda Primary and Melba Secondary College are directly relevant to family buyers. This house serves best those looking for a traditional home on a generous lot, with room to update or extend, rather than a low-maintenance, move-in-ready product. Its substantial land and detached configuration give it an edge over newer townhouse stock in the area.
The interior presentation and build age are likely to be dated, which may require a capital allowance for updating. The 705m² lot offers scope for an extension or a new dwelling at the rear, but any site-specific constraints would need to be checked. A recent sale of the same property at a lower price and with a different configuration suggests that the current market level reflects a material reassessment rather than a like-for-like comparison. Buyers should therefore weigh the land’s development potential alongside the dwelling’s condition when forming a view on price.
Detailed Independent Property Report prepared by PropCred Analyst team for 9 Highland Boulevard, Ringwood VIC 3134
Checks found:
Value Risk
1
Liquidity Risk
2
Planning Risk
2
Income Risk
2
Execution Risk
1
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Market Insight
Ringwood VIC 3134 is a well-connected middle-ring suburb. Houses hold a $1,000,000 median (REIV) with 3.6% quarterly growth, though annual growth varies from -0.5% to +4.3% across sources, indicating a stable but not rapidly appreciating market. Units median $620,000–$658,000, with 3.4% quarterly growth; annual unit changes range from -1.88% to +2.6%. Houses sell in 25–30 days. Gross yields are 3.09% for houses and 4.4% for units. Weekly rents are $630–$650 for houses and $520–$550 for units; rents rose 3.2% and 4.0% respectively. Strategic location and ongoing development drive investor demand, with healthy rental absorption. Sales volumes range widely, from 77 to 469 houses annually. Key risk: mixed annual price growth points to rate sensitivity and inconsistent capital appreciation.
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PropCred Estimated Value
Comparable Sales: 9 Highland Boulevard sold $900,000 (3-1-1) | Property Price Band: $1.1M–$1.2M | Value Drivers: land size, school catchments, owner-occupied street
Bedrooms
3
Bathroom
2
Parking
1
Land
700m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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