Rippleside is a small community in Victoria within the Greater Geelong local government area (postcode 3215). With a population of 994, the suburb has a mature demographic with a median age of 47. Households earn a median income of $109K per year, with an average household size of 2.4 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Rippleside is $1.1 million, having dropped significantly 13.9% over the past year. Units have a median price of $1.0 million (+96.4% YoY). The current median weekly rent is $460. This gives a gross rental yield of approximately 2.3%. The median monthly mortgage repayment is $1,872.
Public transport access includes 2 rail stations, 2 bus stops. The crime rate in the Greater Geelong LGA is higher than average at 8,641 incidents per 100,000 population.
From an investment perspective, Rippleside offers a gross rental yield of 2.3%, rated as low yield. Property prices are near the state median ($1.1M/$875K). The price-to-income ratio of 9.6x is considered moderate. House prices have moved -13.9% year-on-year.
Rippleside is a small community in Victoria within the Greater Geelong local government area (postcode 3215). With a population of 994, the suburb has a mature demographic with a median age of 47. Households earn a median income of $109K per year, with an average household size of 2.4 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Rippleside is $1.1 million, having dropped significantly 13.9% over the past year. Units have a median price of $1.0 million (+96.4% YoY). The current median weekly rent is $460. This gives a gross rental yield of approximately 2.3%. The median monthly mortgage repayment is $1,872.
Public transport access includes 2 rail stations, 2 bus stops. The crime rate in the Greater Geelong LGA is higher than average at 8,641 incidents per 100,000 population.
From an investment perspective, Rippleside offers a gross rental yield of 2.3%, rated as low yield. Property prices are near the state median ($1.1M/$875K). The price-to-income ratio of 9.6x is considered moderate. House prices have moved -13.9% year-on-year.