Question 1

Is Ripponlea a nice place to live?

Accepted Answer

Ripponlea is a small inner-south Melbourne suburb centred on the historic Rippon Lea Estate, whose gardens and lake give the area a distinctive green heart. It keeps a village feel with quiet, tree-lined streets of Victorian and Edwardian cottages, interwar bungalows and a few grand mansions, alongside low-rise apartment pockets. A compact cluster of cafés and shops sits near Ripponlea railway station on the Sandringham line, while neighbouring Elsternwick and Caulfield provide larger shopping and leisure choices.

The community is weighted towards couple families, who make up roughly four in five families, and the suburb is home to 1,532 people with a median age of 34. Median household income is $2,023 a week and homes are almost evenly split between owning and renting. The City of Port Phillip has a place-making program and a draft Streetscape and Open Space Plan for the Glen Eira Road precinct; Burnett Gray Gardens has a playspace upgrade in design and Ripponlea Primary School has a funded roof replacement project. That combination of parks, a local school and rail access makes Ripponlea suit people after a small, green inner-south pocket; whether it fits you depends on what you value.

Question 2

Is it expensive to live in Ripponlea?

Accepted Answer

Renting in Ripponlea would take a noticeable share of a typical local household income at the last Census. A house rent of about $780 a week is roughly 38.6% of a household income of $2,023 a week as recorded at the last Census, which is a sizeable share, while a unit at about $500 a week is roughly 24.7% of that weekly income, a moderate share. For renters, those rent-as-income figures are the most relevant way to judge how stretched housing costs would be.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Ripponlea a good place to invest?

Accepted Answer

Over the past 12 months Ripponlea’s house market has weakened: median house values fell 11.8% and house rents fell 13.1%, both sizeable declines. In other words, the house-side shows a drop in capital value over the year and a simultaneous fall in the rental income it would have produced over that period.

Unit rents eased more gently, down 2.0% over the year, so the reduction in rental income for units was modest compared with the larger falls seen for houses. Whether those movements suit your investment goals depends on your own priorities and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	N/A	N/A
Change in value Past 12 months	-11.8%	N/A
Sold Past 3 months	2	6
Median days on market Past 12 months	N/A	39
Average rent Past 12 months	$780	$500
Change in rent Past 12 months	-13.1%	-2.0%

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