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Ripponlea, VIC 3185

Home » VIC Real Estate Data » Port Phillip City, VIC » Ripponlea, VIC 3185

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 Ripponlea, VIC 3185 located in Melbourne 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.

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Yield 

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Buy 

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Rent 

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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 “Ripponlea, VIC 3185”

  1. The total adult population (15 years or older) of Ripponlea 3185 VIC is 1,266, with a median age of 34. Of those, 32.31% are married, 10.43% are divorced or separated, 54.82% are single and 1.97% are widowed.

    The average household size is 2.2 people per dwelling, and the median household monthly income is estimated to be $11,472. The median monthly mortgage repayment for households in this suburb is $2,085 which is 18.17% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in the heart of Victoria, the suburb of Ripponlea 3185 is home to approximately 903 households. As we move into the third quarter of 2023, it has been observed that typical prices for houses in the region hover around $1,894,060. Median weekly rent for these houses stands at an impressive $704, which results in an indicative yield of 1.93%.

    Ripponlea also boasts a relatively high socio-economic score of 1102, out of the possible 1217, pointing to considerable access to economic resources, substantial income levels and an array of skilful professionals showing promise for property investors.

    However, this isn’t a market devoid of challenges. With a renter to owner ratio of 48%, potential investors might be facing a highly competitive market. Furthermore, the units to houses ratio stands at 65%, indicating a marked oversaturation of rental units that could potentially lead to lower returns in the long term.

    The affordability index for houses is noted to be 65 years. This highlights a potential concern as it can be deemed unaffordable for many potential home buyers.

    On the supply side, there’s good news. The stock on the market percentage for houses is currently at a low 0.38%, signalling less competition among sellers. Additionally, the inventory level for houses stands at a favourable 1.0 month, meaning the market can absorb new listings quickly. Adding to this, the building approvals ratio for houses is at a minimum of 0.0%, limiting new competing properties coming onto the market.

    The average number of days for houses to remain ‘for sale’ on the market is promisingly low at 21, indicating a high demand scenario. Alongside this, the vacancy rate for this suburb, when considering both houses and units, is exceptionally low at 0.92%, further suggesting a high demand. However, the buy search index for houses stands at 3, showing a need for a little caution in interpreting demand levels.

    Overall, Ripponlea does exhibit a few undeniable challenges for property investors in terms of affordability and renter to owner ratio. However, strong socio-economic factors, coupled with favourable supply indicators and high demand, make it a potential location of interest for savvy property investors.

    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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