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Rippleside, VIC 3215

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 Rippleside, VIC 3215 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 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

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 “Rippleside, VIC 3215”

  1. The total adult population (15 years or older) of Rippleside 3215 VIC is 843, with a median age of 47. Of those, 54.33% are married, 11.98% are divorced or separated, 29.66% are single and 4.63% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $10,600. The median monthly mortgage repayment for households in this suburb is $1,872 which is 17.66% of their earnings.

    Source: ABS Census Data (2021)

  2. Sitting in the picturesque region of Victoria, Australia, lies the quaint suburb of Rippleside 3215. With an estimated total of 604 households, this charming locality is humming with life. A look at the data for Q3 2023 reveals that typical house prices in Rippleside are fetching approximately $1,206,023. Coupled with a median weekly rent of $541, these houses yield an indicative rate of 2.33%, falling slightly short of the desired 3% threshold for investors seeking strong cashflow.

    However, this doesn’t mean that Rippleside lacks in returns for savvy property investors, the area scores a high 1079 out of 1217 on the IRSAD scale—a marker of excellent socio-economic conditions among the residents. Lower numbers on the renter to owner ratio, at 25%, and units to houses ratio, at 24%, build the image of a suburb well poised for investment. Less overcrowded with units and rentals, Rippleside stands to attract long-term tenancy and commands stronger rental yields.

    Yet it’s notable that the affordability index stands high at 45 years, implying that properties here require considerable time to fully own, mirroring the high property prices seen in this attractive suburb. The stock on market percentage for homes sits at a neutral 0.45%, balancing supply against demand, and is supported by a low inventory level for houses of only 0.67 months—highlighting that houses here sell relatively quickly.

    Furthermore, the suburb is seeing minimal new housing supply coming onto its market, with a building approvals ratio for houses registering at 0.0%. The relatively swift days on the market for houses—just 10 days—indicates high demand in Rippleside. The combined vacancy rate for houses and units sits at a generally favourable 1.97%, edging closer to the lower end of the neutral range, whilst the buy search index hovers at the average 5.

    In conclusion, while it’s worth noting that the indicative yield is beneath the cashflow-centered threshold and the affordability index is slightly high, Rippleside portrays a desirable market for property investors. Boasting a robust socio-economic status, relatively low competition in rentals and units, fast-moving property sales, and neutral supply and demand factors, Rippleside appears to be an investment hotspot in Q3 2023. Prospective investors should continue to monitor these market metrics alongside our Relative Composite Score (RCS) offering insights into over 80 other key factors.

    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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