Suburb Profile Report for Ripponlea VIC (3185)

Ripponlea House: Median price $1,702,500, Annual capital growth 19.60%, Number of sales 10, Weekly median advertised rent $585

Ripponlea Unit: Median price $445,000, Annual capital growth 5.32%, Number of sales 21, Weekly median advertised rent $350

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Giving property investors a a solid capital gain of 17.41% for the last year, Ripponlea, 3185 is the 386th highest performer in Australia in this respect.

Over the longer term, Ripponlea has seen property prices show investors a 102.92% return over the last 3 years. This is worse than over the last 12 months

Ripponlea is 596th on a list of best yielding suburbs for rents in VIC with a 1.79% return

Property investors who have had real estate in Ripponlea, 3185 should be unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -15.24%

While Ripponlea,3185 ranked number 286th in VIC for increase in median house value (annualised) increase, it is ranked 183th over the last 5 years.

Using the current median advertised rental of $350 and the average annual increase in value of a median property of 5.32%, investors should hope to achieve an overall return of 4.09%

Metrics i HOUSE UNIT
$1,702,500 $445,000
0.15% -2.47%
17.41% -15.24%
19.60% 5.32%
$585 $350
10 21
1.79% 4.09%
N/A N/A

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 1477
Median household income ($/weekly) 1330
Median age of persons 34
Median housing loan repayment ($/monthly) 2167
Average household size 2.1
  • Census Count Percent(%)
    5-14 years 129 8.7
    25-34 years 394 26.7
    35-44 years 294 19.9
    45-54 years 168 11.4
    55-64 years 113 7.7
    Others 379 25.7
    Age Group
    Census Count Percent(%)
    Not Married 592 52.0
    Registered Married 363 31.9
    Defacto Relationship 183 16.1
    Social Marital Status
  • Census Count Percent(%)
    Australia 961 67.1
    Croatia 38 2.7
    Indonesia 47 3.3
    United Kingdom 64 4.5
    Other 125 8.7
    Others 198 13.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 40 3.0
    Christianity 533 39.8
    Hinduism 35 2.6
    Judaism 198 14.8
    No Religion 502 37.5
    Others 32 2.4
    Religious Affiliation
  • Census Count Percent(%)
    $600-$799 56 9.4
    $800-$999 61 10.3
    $1,000-$1,249 61 10.3
    $1,500-$1,999 75 12.6
    $2,000-$2,499 53 8.9
    Others 289 48.6
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 596 49.5
    Employed, worked part-time 268 22.3
    Not in the labour force 258 21.4
    Employed, away from work 43 3.6
    Unemployed, looking for work 38 3.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 121 13.4
    Professionals 319 35.2
    Technicians & trades workers 87 9.6
    Community & personal service workers 98 10.8
    Clerical & administrative workers 132 14.6
    Others 149 16.4
    Occupation
    Census Count Percent(%)
    Pre-school 25 7.8
    Infants/Primary 92 28.6
    Secondary 48 14.9
    Technical or Further Educational Institution 32 9.9
    University or other Tertiary Institutions 102 31.7
    Others 23 7.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 659 47.3
    Separate house 427 30.7
    Semi-detached, row or terrace house, townhouse 287 20.6
    House or flat attached to a shop, office 20 1.4
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 360 55.0
    Being purchased 163 24.9
    Fully owned 126 19.2
    Other tenure type 6 0.9
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals