Ripponlea is a small community in Victoria within the Port Phillip local government area (postcode 3185). With a population of 1,532, the suburb has a mix of young professionals and families with a median age of 34. Households earn a median income of $105K per year, with an average household size of 2.2 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Ripponlea is $1.8 million, having surged 15.7% over the past year. Units have a median price of $600,000 (+1% YoY). The current median weekly rent is $570. This gives a gross rental yield of approximately 1.6%. The median monthly mortgage repayment is $2,085.
Public transport access includes 3 rail stations, 10 bus stops. The crime rate in the Port Phillip LGA is higher than average at 13,835 incidents per 100,000 population.
From an investment perspective, Ripponlea offers a gross rental yield of 1.6%, rated as low yield. Property prices are above the state median ($1.8M/$875K), placing it in the premium segment. The price-to-income ratio of 17.2x is considered stretched. House prices have moved +15.7% year-on-year.
Ripponlea is a small community in Victoria within the Port Phillip local government area (postcode 3185). With a population of 1,532, the suburb has a mix of young professionals and families with a median age of 34. Households earn a median income of $105K per year, with an average household size of 2.2 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Ripponlea is $1.8 million, having surged 15.7% over the past year. Units have a median price of $600,000 (+1% YoY). The current median weekly rent is $570. This gives a gross rental yield of approximately 1.6%. The median monthly mortgage repayment is $2,085.
Public transport access includes 3 rail stations, 10 bus stops. The crime rate in the Port Phillip LGA is higher than average at 13,835 incidents per 100,000 population.
From an investment perspective, Ripponlea offers a gross rental yield of 1.6%, rated as low yield. Property prices are above the state median ($1.8M/$875K), placing it in the premium segment. The price-to-income ratio of 17.2x is considered stretched. House prices have moved +15.7% year-on-year.