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Ripley, QLD 4306

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If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Ripley, QLD 4306 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

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Rent 

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Yield 

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Buy 

1BR

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Rent 

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Yield 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Ripley, QLD 4306”

  1. The total adult population (15 years or older) of Ripley 4306 QLD is 3,263, with a median age of 29. Of those, 43.46% are married, 12.17% are divorced or separated, 43.03% are single and 1.50% are widowed.

    The average household size is 2.6 people per dwelling, and the median household monthly income is estimated to be $8,692. The median monthly mortgage repayment for households in this suburb is $1,718 which is 19.77% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburban hub of Ripley, nestled in the district of QLD 4306, boasts a collective housing population of an estimated 2,950 households. Moving into the third quarter of 2023, typical house prices in Ripley are pegged at $623,877, with a median weekly rent value of $480. This generates an indicative yield of 4.0%, a figure that exceeds the minimum required market yield for property investors focusing on cash flow.

    Ripley’s IRSAD score stands at 994 out of 1,217, suggesting a respectable socioeconomic standard within the community. However, the renter to owner ratio is somewhat high at 41%, showing a market close to saturation with rental properties which may lead to lower long-term returns and increased competition among investors.

    Adding to Ripley’s unique profile is the unit to house ratio, which stands at a minimal 1%. This dwarfed figure suggests that the property mix leans heavily towards houses, a factor which generally attracts more families and longer tenancies as well as less competition amongst landlords for tenants. This balanced dynamic could contribute to the healthier rental yields currently witnessed.

    Looking at Ripley’s affordability index, it takes about 28 years to own a house, a figure below the less desirable threshold of 31 years and indicative of a somewhat affordable housing market for residents. From a supply perspective, stock on market Percentage for houses is at a rather high 2.5% with an associated inventory reading of 8.08 months indicating a more abundant supply side scenario. This is also reflected in the building approvals Ratio, which sits at a significant 3.08% signaling a potential increased influx of new dwelling stock into the market that may negatively impact demand.

    As for property demand pointers in Ripley, houses are spending an average of 43 days on the market, which sits in the median range. The suburb is experiencing a combined (houses and units) vacancy rate of 4.09%, slightly over what is considered a neutrally appealing figure, indicating lesser demand. Despite a slight softening, Ripley’s buy search index remains steady at 5, signifying a healthy ongoing interest from prospective homebuyers.

    In summary, while Ripley currently presents a healthy yield and a strong socio-economic status, it is important for investors to be mindful of the slightly skewed renter to owner ratio, indicative of a potentially oversaturated rental market, as well as the increasing supply trend. However, with real estate investment, it’s important to consider the larger picture, and when weighed against the many favourable metrics, Ripley could still prove to be an excellent choice for discerning investors.

    For a comprehensive view of property market trends and insights, consider using the HtAG Analytics’ RCS (Relative Composite Score), a comprehensive tool that analyses over 80 metrics to guide your property investment decisions.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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