Suburb Profile Report for Ripponlea VIC (3185)

Ripponlea Unit: Median price $535,500, Annual capital growth 4.76%, Number of sales 14, Weekly median advertised rent $418

House
Unit

Source: CoreLogic RP Data

Median price
Number of sales

Source: Monthly data update for Jan 2021 as supplied by CoreLogic. Data is reported to the period ending Oct 2020. Please note that property sales data is routinely updated, so may change retrospectively.

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Unit Report

Investment property in Ripponlea has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 12.03%

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

On average over the past year, suburb has had 1.17 sales per month, which equates to 14 per year.

With the median price for a house in Ripponlea being $535500 and the advertised rent reaching $417.5 the gross rental yield for property investors calculates out to be 4.05%

Metrics	HOUSE	UNIT
Median price	N/A	$535,500
Quarterly growth	N/A	5.36%
12-month growth	N/A	12.03%
Average Annual Growth	N/A	4.76%
Weekly median advertised rent	N/A	$418
Number of sales	N/A	14
Gross rental yield	N/A	4.05%
Days on market	N/A	N/A

DSR Score for property investment : Above average (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