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Rydalmere

POSTAL CODE: NSW, 2116
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RYDALMERE ranks 490th in NSW when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of 5.32% for the past year is lower than average compared to its 61.86% growth within a five-year period.

Also in RYDALMERE, the median home price is sitting at $1,910,000, and the average rent at $735, this suggests property owners could potentially earn a 2% increase in gross rental yield.

Property investors have seen a 1.19% gain in RYDALMERE based on an increase in median home prices for the past three months.

A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 6.46% growth over a ten-year period. It ranks 2350th on our list of suburbs that property investors should look into.

Surburb overview

Rydalmere, located approximately 21 kilometres west of Sydney's central business district, is a riverside suburb within the City of Parramatta. It offers a blend of residential areas, commercial zones, and green spaces. As of June 2023, the suburb had an estimated population of 7,593, reflecting a 3.64% growth from the previous year.

According to the 2021 Census, Rydalmere had a population of 7,274 residents. The community is culturally diverse, with 53.1% of residents born in Australia, followed by 11.7% from China and 5.2% from South Korea. Languages spoken at home include English (53.4%), Mandarin (11.4%), and Korean (4.9%). The median weekly household income was $1,871.

Rydalmere is well-connected by public transportation. The suburb is served by the Parramatta Light Rail, providing efficient access to surrounding areas. Additionally, the Rydalmere Ferry Wharf offers services along the Parramatta River, connecting to Circular Quay. Bus routes, including the 501, 523, and 524, serve the area, connecting Rydalmere to Parramatta, West Ryde, and other suburbs.

Educational institutions in Rydalmere include Rydalmere Public School, located at 397 Victoria Road, and St Mary's Primary School, a Catholic co-educational school situated at 1 Myrtle Street. Rydalmere East Public School, located at 41 Spurway Street, Ermington, also serves the local community.

Rydalmere offers various recreational facilities. Rydalmere Park, located on South Street, features sports fields that are utilised for football in winter and cricket in summer. The park has undergone a $2.5 million upgrade, enhancing its amenities for the community. Eric Primrose Reserve provides picturesque riverside views and opportunities for activities such as kayaking and picnicking.

Rydalmere's combination of cultural diversity, accessible transportation, educational institutions, and recreational amenities contributes to its appeal as a residential suburb.

 

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