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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.

Average median house prices in NSW have risen as a whole, pulling RYDE, 2112 values up and netting property investors a capital gain of 6.91% for the past year.

Investors saw the median home price rise to $1,490,000.

Profits due to an downward trend in home prices in the suburb averaged -1.29% per annum over a 3-year period.

RYDE now ranks at the 496th 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 $685 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 74.4 days.

In 2016, 172 properties were sold in RYDE during the past year, making it the 965th 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 $1,490,000 $680,000
GROWTH REPORT
Median Quarterly 2.41% 0.74%
Median 12 month 6.91% 0.44%
Median 3 years -3.87% -7.48%
Median 5 years 15.73% 1.49%
10 years average annual 7.9% 3.37%
Weekly media advert. rent $685 $500
Time on Market 74.4 days 75.1 days
Gross Rental Yield Percent 2.39% 3.82%
demographics (median values)
Total Population
20378
Weekly Household Income
1109
Household Size
2.50
demographics
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