Suburb Profile Report for Ripponlea VIC (3185)

Ripponlea House: Median price $1,715,000, Annual capital growth 19.64%, Number of sales 10, Weekly median advertised rent $650

Ripponlea Unit: Median price $520,000, Annual capital growth 6.06%, Number of sales 21, Weekly median advertised rent $360

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

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Ripponlea, 3185 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 19.51%.

If we look at median property appreciation over just the last three months, Ripponlea has given property investors a paper return of 0.59%. This puts Suburb as 506 on a list of fastest fasting appreciating suburbs in VIC

The VIC suburb of Ripponlea, 3185 is in the Port Phillip local government area.

Over the last year, property investments in Ripponlea, 3185 have given investors a capital gain of 13.54%. This compares very favourably with the 4.28% for VIC as a whole.

Comparing Ripponlea,3185 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

A $360 per week rent on the median house gives suburb investors a gross yield of circa 3.60%, without taking into account capital value appreciation, which has been averaging out at 6.06%.

Metrics i HOUSE UNIT
$1,715,000 $520,000
0.59% 16.85%
19.51% 13.54%
19.64% 6.06%
$650 $360
10 21
1.97% 3.60%
N/A N/A

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (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