A steady increase in median property prices over a five-year period in the suburb translates to a 36.89% capital gain.
Property investors in WEST RYDE enjoyed capital gains of 5.7% over the last 12 months translating to lower returns compared with its peers in the territory.
The suburb also 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 $1,670,000.
Profits due to an upward trend in home prices there averaged 12.3% per annum over a 3-year period.
Home owners selling their properties and realtors in WEST RYDE usually have to wait an average of 39.6 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $650 mark, reflecting a 2.02% increase in returns based on the current median price in WEST RYDE.
WEST RYDE, 2114 places 1187th in Australia based on median property value growth during the quarter.
Figures from the previous quarter show that capital gains for real estate buyers in WEST RYDE are low, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $450 based on current median home prices for the suburb.
Average weekly rents on listings have reached the $450 mark, reflecting a 3.55% increase in returns based on the current median price in WEST RYDE.
WEST RYDE, 2114 ranks 504th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.
WEST RYDE ranks 433rd on the list of best yielding suburbs for rental properties in NSW, posting a 3.55% return.
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