Ripponlea

POSTAL CODE: VIC, 3185
UNIT

Property investments in RIPPONLEA did not fare well against the rest of the country last year, registering a median home price decrease of -1.38%.

Figures from the previous quarter show that capital gains for real estate buyers in RIPPONLEA are high, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains RIPPONLEA, 3185 saw average growth in the long term.

This means, real estate investors could earn a rental income of $540 based on current median home prices for the suburb.

It is expected for properties to spend some time on the market prior to a successful sale. In RIPPONLEA, homes and units usually stay on listing for an average of 73.1 days.

the VIC suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $482,500

Investors saw the median home price rise to $482,500.

RIPPONLEA ranks 27th on the list of best yielding suburbs for rental properties in VIC, posting a 5.82% return.

Surburb overview

Ripponlea is an inner south-eastern suburb of Melbourne, located about 8 kilometres south-east of the Melbourne central business district. The suburb sits within the City of Glen Eira and is bordered by Elsternwick, Elwood and St Kilda East, with Glen Eira Road forming a central east–west spine.

Ripponlea is one of Melbourne’s smaller suburbs by area and is known for its compact residential layout and heritage character.

Population data from the most recent census shows Ripponlea has a relatively small but dense residential population. The demographic profile includes a high proportion of professionals, renters and smaller households, reflecting the suburb’s apartment stock and proximity to employment centres.

Medium-density housing, including low-rise apartment buildings and Victorian-era dwellings, makes up a significant share of housing, with limited detached housing.

Public transport access is a key feature of Ripponlea. Ripponlea railway station is on the Sandringham line, offering direct services to Flinders Street Station with typical travel times of around 20 minutes.

Tram services operate along nearby routes on Glen Huntly Road and Brighton Road, while bus services connect the suburb to surrounding activity centres.

Local amenities are concentrated along Glen Eira Road, where cafés, small supermarkets and specialty shops serve daily needs. Larger retail and service hubs in Elsternwick and St Kilda are within short walking, cycling or public transport distance.

Education options include nearby early learning centres and schools located in surrounding suburbs rather than within Ripponlea itself.

Recreation and open space are closely linked to the suburb’s surroundings. The heritage-listed Rippon Lea Estate provides access to formal gardens and cultural events.

Elsternwick Park, St Kilda Botanical Gardens and the Port Phillip Bay foreshore are all easily accessible, supporting walking, cycling and organised sport.

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