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Economic Profile

Ringwood Metropolitan Activity Centre provides over 8500 jobs, representing 23% of employment within the City of Maroondah and 5% of employment in the broader Outer Eastern Melbourne region.

Retail trade is the largest employer in Ringwood. Eastland Shopping Centre represents more than 5,600 jobs across all sectors. Service sectors, including Financial and insurance services, Professional, scientific and technical services, and Rental, hiring and real estate services provide 13% of the employment within Ringwood.

Retail trade accounts for the largest number of full time employees within the Ringwood Metropolitan Activity Centre. Accommodation and Food Services sector employs the second largest number of people, although a range of other sectors including Professional, Scientific and Technical Services and Health Care and Social Assistance employ more full time staff.

Ringwood has a strong employment catchment across eastern Melbourne, with significant numbers of workers travelling from the Yarra Ranges, Knox, Whitehorse and Manningham inaddition to the 6,795 workers from within the City of Maroondah.

1,850 businesses in Ringwood recorded by the Australian Business Register in June 2012. The sectors with the most number of businesses were Construction, Professional, Scientific and Technical Services, and Retail Trade. These three sectors account for almost 40% of all businesses in the suburb.

Victorian Census of Land Use (VicCLUE) recorded 869 businesses operating within the Ringwood Metropolitan Activity Centre; 48% of the total businesses operating in  Ringwood.

According to the Australian Business Register there were 115 more businesses operating in Ringwood in 2011 than in 2009, representing a 6% growth. The main sectors recording growth in this period were construction and a range of service industries, such as Financial and insurance, Professional, scientific and technical, and Other services.

The construction sector has the largest number of businesses, and grew by 14% between 2009 and 2012. In addition to construction, there was significant growth in a range of service providers, including:

  • Education and training
  • Financial and insurance services

Commercial floor space in Ringwood is predominantly shops and offices, and is used mostly for Retail Trade, Other Services, Manufacturing, Accommodation and Food Services and Professional, Scientific and Technical Services. Other Services space use is predominantly related to Automotive Repair and Maintenance.

Ringwood Business Analysis

The Ringwood Business Analysis report provides an analysis, findings and opportunities related to available data on business, employment and resident catchments for the Ringwood Metropolitan Activity Centre, within the City of Maroondah.

Ringwood Business Analysis 2013 (PDF, 2.8MB)