Suburb Profile Report for Ripponlea VIC (3185)

Ripponlea House: Median price $1,581,000, Annual capital growth 28.31%, Number of sales 12, Weekly median advertised rent $420

Ripponlea Unit: Median price $445,000, Annual capital growth 7.29%, Number of sales 25, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Ripponlea have tracked just higher than the VIC average of 7.80% over the last 12 months.

Using the current median advertised rental of $420 and the average annual increase in value of a median property of 28.31%, investors should hope to achieve an overall return of 1.38%

Giving property investors a an unimpressive capital gain of -2.63% for the last year, Ripponlea, 3185 is the 1276th highest performer in Australia in this respect.

Over the longer term, Ripponlea has seen property prices show investors a 3.97% return over the last 3 years. This is worse than over the last 12 months

Using the current median advertised rental of $350 and the average annual increase in value of a median property of 7.29%, investors should hope to achieve an overall return of 4.09%

HOUSE UNIT
$1,581,000 $445,000
12.13% -9.00%
12.93% -2.63%
28.31% 7.29%
$420 $350
12 25
1.38% 4.09%
N/A N/A

Source: CoreLogic

DSR Score for property investment : Good (U), Good (H)
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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
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Recent sales & rentals