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Ryde
AREA REPORTS

Ryde

Ryde - SUBURB PROFILE REPORT
POSTAL CODE: NSW, 2112

house
unit

RYDE, 2112 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in NSW have risen as a whole, pulling RYDE, 2112 values up and netting property investors a capital gain of 14.09% for the past year.

Investors saw the median home price rise to $1,700,000.

Profits due to an downward trend in home prices in the suburb averaged -0.95% per annum over a 3-year period.

RYDE now ranks at the 333rd place on a list of fastest growing suburbs in the territory.

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

Because of this real estate investors could earn a rental income of $640 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In RYDE, homes and units usually stay on listing for an average of 73.2 days.

In 2016, 180 properties were sold in RYDE during the past year, making it the 1013th most active market in NSW based on total real estate transactions.

Data report can be found below

Ryde
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,700,000 $712,500
GROWTH REPORT
Median Quarterly 6.25% 0.35%
Median 12 month 14.09% 4.9%
Median 3 years -2.86% -0.63%
Median 5 years 19.3% -3.89%
10 years average annual 8.02% 3.34%
Weekly media advert. rent $640 $450
Time on Market 73.2 days 59.0 days
Gross Rental Yield Percent 1.96% 3.28%
demographics (median values)*
Total Population
32852
Weekly Household Income
1809
Household Size
2.70
Age
36
Monthly Loan Repayment
2300
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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