AREA REPORTS

Ryde

 

 

NSW/
Ryde

Suburb Profile

Ryde - FREE 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.

Investors saw the median home price rise to $1,510,000.

Profits due to an upward trend in home prices in the suburb averaged 1.74% per annum over a 3-year period.

RYDE now ranks at the 1230th 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 low, as opposed to average gains per annum over the past five years.

Because of this real estate investors could earn a rental income of $700 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 54.9 days.

In 2016, 269 properties were sold in RYDE during the past year, making it the 752nd most active market in NSW based on total real estate transactions.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,510,000 $677,500
GROWTH REPORT
Median Quarterly -7.53% -1.95%
Median 12 month -13.22% -3.9%
Median 3 years 5.23% -5.9%
Median 5 years 66.67% 6.69%
10 years average annual 8.61% 6.12%
Weekly media advert. rent $700 $520
Time on Market 54.9 days 71.3 days
Gross Rental Yield Percent 2.41% 3.99%
demographics (median values)
Total Population
20378
Weekly Household Income
1109
Household Size
2.50
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