At number 2806th in the list of Australian suburbs ordered by increase in median house value over the last year, Ripponlea, 3185 is in the BOTTOM 40% with a property value increase of 0.71% recorded in median house prices.
Using the current median advertised rental of $575 and the average annual increase in value of a median property of 26.86%, investors should hope to achieve an overall return of 2.12%
Ripponlea is an average performer in VIC when comparing median price capital growth over the last year. Ripponlea gave property investors a good capital gain figure when compared to the rest of the state, with 6.88%.
Taking the average capital gain, or increase in median house value, Ripponlea,3185 has racked up an average of 6.88% over the period. This ranks it number 1062th in the whole country for real estate investors looking at median house price increases.
Renters in Suburb are facing rents around $4200 per annum or $350 every week.