Australia’s most popular rental suburbs revealed
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Property investors have seen a 25.26% gain in RIPPONLEA based on an increase in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains RIPPONLEA, 3185 saw average growth in the long term.
The VIC suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $1,926,750
This means, real estate investors could earn a rental income of $635 based on current median home prices for the suburb.
The gross rental yield in RIPPONLEA, 3185 is 1.71%.
An average of 0.83 real estate transactions take place per month in RIPPONLEA which translates to 10 per annum.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $1,926,750 | $492,000 |
| GROWTH REPORT | ||
| Median Quarterly | 25.26% | -0.81% |
| Median 12 month | N/A | -3.15% |
| Median 3 years | N/A | -19.61% |
| Median 5 years | 45.97% | -0.61% |
| 10 years average annual | 25.65% | 2.68% |
| Weekly media advert. rent | $635 | $397.5 |
| Time on Market | 0.0 days | 0.0 days |
| Gross Rental Yield Percent | 1.71% | 4.2% |
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