Rydalmere

POSTAL CODE: NSW, 2116

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RYDALMERE ranks 778th in NSW when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of 4.32% for the past year is lower than average compared to its 43.49% growth within a five-year period.

Also in RYDALMERE, the median home price is sitting at $1,930,000, and the average rent at $835, this suggests property owners could potentially earn a 2.25% increase in gross rental yield.

Property investors have seen a -0.52% drop in RYDALMERE based on a decrease 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 7.06% growth over a ten-year period. It ranks 1963rd on our list of suburbs that property investors should look into.

A steady increase in median property prices over a five-year period in RYDALMERE, 2116 translates to a 7.17% capital gain.

RYDALMERE, 2116 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $736,250.

Augmented property values in RYDALMERE are trailing behind the NSW average of 4.66% for the past year.

Real estate investors could earn a rental income of $700 based on current median home prices for the suburb.

Home owners selling their properties and realtors in RYDALMERE usually have to wait an average of 44.5 days days before their assets are lifted off the market.

RYDALMERE ranks 113th on the list of best yielding suburbs for rental properties in NSW, posting a 4.94% return.

RYDALMERE, 2116 places 283rd in Australia based on median property value growth during the quarter.

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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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,930,000	$736,250
Growth Report
Median Quarterly	-0.52%	0.51%
Median 12 month	4.32%	-16.48%
Median 3 years	20.7%	7.17%
Median 5 years	43.49%	11.55%
10 years average annual	7.06%	1.05%
Weekly media advert. rent	$835	$700
Time on Market	46.5 days	44.5 days
Gross Rental Yield Percent	2.25%	4.94%

Demographics (Median Values)*

Total Population 6642

Weekly Household Income 1553

Household Size 2.80

Average Age 37

Monthly Loan Repayment 2167

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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