If you compare the increase in value of investment property in North Ryde, 2113 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 9.93%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in North Ryde has increased when compared to the 5 year average annual rate.
Property investors looking for a bargain in North Ryde should be aiming for at least -2.75% off the asking price, which is the average vendor discount being achieved at the moment.
A $697.5 per week rent on the median house gives suburb investors a gross yield of circa 2.26%, without taking into account capital value appreciation, which has been averaging out at 10.35%.
North Ryde has had a very poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -3.19% to date .
Comparing North Ryde,2113 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Renters in Suburb are facing rents around $7740 per annum or $645 every week.