ripponlea
3185, Victoria
Real Estate & Property Information
ripponlea Suburb Profile & Review
Ripponlea was named after Rippon Lea Estate, a historic property owned by Sir Frederick Sargood in the late 19th century. Sargood was an affluent businessman, politician and philanthropist. The grounds are noted for their beautiful established gardens and lush green spaces, and the house is now part of the National Trust of Australia. Though Ripponlea retains its name, the property is considered part of Elsternwick.
Ripponlea Station is located on the Sandringham line, just off Glen Eira Road. Trains take a mere fifteen minutes to reach the city. The route 67 tramline also follows Brighton Road along the south-west border of the suburb.
The highly reputable Caulfield Grammar School has its Caulfield Senior School campus nearby, just down Glen Eira Road. It is a ten minute walk away from virtually anywhere in Ripponlea. A commercial strip along Glen Eira Road towards Hotham Street has a number of trendy retailers and restaurants, including Bala Da Dhaba, a popular Indian restaurant.
ripponlea Demographic Data
$ 830,000 Median House Price
18 Minutes Average Commute
34 Median Age
1,478 Population
49.66 % Female
50.34 % Male
340 NO OF FAMILIES
1.8 AVG CHILDREN PER FAMILY
0.9 AVG MOTOR VEHICLE PER DWELLING
What this means
The following data, without any explanation, is just that, raw data. So in order to help you research the property market, we have outlined what this demographic and real estate information means and how it can be interpreted to help you make a smarter decision when buying or selling your next house or unit in ripponlea, Victoria.
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ripponlea Demographic Data
The demographic data below has been supplied by the Australian Bureau of Statistics (ABS), which is a government body. It is based on Census data collected every 5 years on the Australian population. Although it is dated 2011, this is the latest data available and should give property investors, property buyers and sellers a very good idea when researching or reviewing their suburb.
It’s important to note when looking at this data that you don’t just use it on its own. Consider this demographic and real estate data as a whole and seek advice from a professional when thinking of buying or selling your next property.
What this means
Median values are the most accepted measure of property values in the real estate industry in Australia. The median is the midpoint (the middle) figure when all the sold property prices over a particular period of time are ordered from their lowest to their highest value.
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ripponlea Market Property Types
- 23 % Seperate House
- 17 % Semi Detached
- 59 % Flat or Unit
- 1 % Other Dwelling
What this means
The property type in your suburb will help you identify the density of the area. The greater the number of flats, units and apartments, the more likely it is the suburb has a higher density of living and occupants are more reliant on public transport, cafes, restaurants, convenience stores and amenities, infrastructure and less reliant on their own vehicle for transport.
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ripponlea Market Property Types
Typically, inner city suburbs within 10km of the CBD are comprised of apartments and semi-detached homes, while middle ring suburbs have semi-detached and detached properties. Rural properties would most likely fall under the “other” category.
This ABS Property Type data combined with Population Density and Family Composition figures gives a good indication of the type of people living in an area and therefore what type of property (1-2 bed apartment or house) would be an ideal investment or property to live in.
ripponlea Income & Mortgage Stats
- $ 1,330 Median Weekly Household Income
- $ 2,167 Median Monthly Mortgage
What this means
This is one of the most compelling statistics in this section because it has a profound impact on real estate prices. It should always be considered when buying or selling property in ripponlea
Experts believe mortgage stress occurs in real estate when property owners are spending over 30% of their gross income on their mortgage repayments. These figures show weekly income and monthly mortgages.
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ripponlea Income & Mortgage Stats
To calculate the percentage of income paid towards a mortgage for the suburb of Melbourne, multiply the mortgage payment (e.g. $2450) by 12 then divide this figure by the weekly income (e.g. $1200) multiplied by 52 (weeks) to look like this ($2450 x12/$1200 x 52) x 100 = 47%
Any figure above 30% usually indicates that the suburb you intend to buy in may have property owners with a high incidence of mortgage stress. In terms of maintaining or growing property values in the future and trying to secure a strong property price when selling, this could have an impact, especially in an economic or local industry downturn.
ripponlea Sold Property Prices
8/245 Hotham Street
37/6-Aug Glen Eira Road
86 Brighton Road
120 BRIGHT ROAD
227 HOTHAM ST
7 MARYVILLE STREET
ripponlea Real Estate Experts
In each suburb we have identified real estate agents who are active local experts. Our goal is to have a network of real estate agents that have been reviewed by previous clients for future buyers and sellers to rely on when making their next property move or even when they just wanting real estate advice.
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ripponlea Restaurants
- St Petersburg Restaurant43 Glen Eira Rd ripponlea VIC 318503 9532 4658
- Lyrebird Lounge61 Glen Eira Rd ripponlea VIC 318503 9532 7574
- Hawk & Hunter Small BatchGlen Eira Avenue ripponlea VIC 318503 9528 2719
ripponlea Cafes
- The Nook Cafe25 Glen Eira Rd ripponlea VIC 318503 9523 9888
- Hawk & Hunter Small BatchGlen Eira Avenueripponlea VIC 318503 9528 2719
- Spout Cafe48 Glen Eira Rd ripponlea VIC 318503 9523 8155
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