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Ruby, VIC 3953
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$760,000
list-price estimate
Median Unit
$465,000
Gross Yield (houses)
1.6%
1yr Growth
-
Investment snapshot for Ruby
Ruby has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Ruby market and investor summary
In Ruby, VIC 3953, houses show a gross rental yield of 1.6%. At 0.6% vacancy, it is a tight rental market that favours landlords.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 1.6% will not cover holding costs in the early years, so the case leans on price appreciation. Rental demand looks steady, with vacancy at 0.6% and a resident base that is not shrinking. Houses also take time to sell, around 196 days on market, so plan for a slower exit if you ever need one.
Living in Ruby: people, income and schools
Ruby has a resident population of roughly 187, a number that has held fairly steady over five years. The median age is 48, skewed a little older, and 83% of homes are owner-occupied. Owner-occupiers dominate, so stock turns over slowly and listings can be thin when you are trying to buy.
Households here earn a median of about $111,000 a year, or roughly $2,140 a week. On socio-economic measures it ranks around the national middle on the ABS advantage index (5 out of 10). Locally, around 39% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.
Fixed broadband is delivered over the NBN's Fixed Wireless.
- Population
- 187
- +2% over 5yr
- Median age
- 48 years
- Median household income
- $111,000/yr
- Households renting
- 8%
- Family households
- 94%
- Socio-economic rank
- 5/10
- ABS advantage index
- Unemployment
- 2.5%
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Ruby
No properties currently listed in Ruby
Search Ruby listings →Frequently asked questions about Ruby
What should I check before investing in Ruby?
Ruby has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.7% gives a usable rent-to-price starting point. Tight rental market (0.6% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Ruby?
The median property price in Ruby, VIC 3953 is $465K for units.
What rental yield does Ruby show?
The gross rental yield in Ruby is 1.6% for houses and 4.7% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
How tight is the rental market in Ruby?
The current vacancy rate in Ruby is 0.6%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Ruby?
Ruby has a population of approximately 187 residents, with a median age of 48.
Is Ruby's population growing?
The population of Ruby has grown modestly, about 2% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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