With a capital gain of 0.71% for the last 12 months, Ripponlea, 3185 has performed for property investments than its average annual 24.27% property growth over the last 5 years.
Taking the average capital gain, or increase in median house value, Ripponlea,3185 has racked up an average of 0.71% over the period. This ranks it number 19th in the whole country for real estate investors looking at median house price increases.
Ripponlea is 591th on a list of best yielding suburbs for rents in VIC with a 1.66% return
If you compare the increase in value of investment property in Ripponlea, 3185 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this VIC suburb was 3.19%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Ripponlea has increased when compared to the 5 year average annual rate.
On average over the past year, suburb has had 2.25 sales per month, which equates to 27 per year.
The VIC suburb of Ripponlea, 3185 is in the Port Phillip local government area.