NSW has seen average median house prices change by 6.38% which means that Rydalmere, 2116 has done well for property investors by showing a capital gain of -7.31% over the last year
While Rydalmere,2116 ranked number 1294th in NSW for increase in median house value (annualised) increase, it is ranked 173th over the last 5 years.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.50% offered to property buyers. Sellers in Rydalmere itself are offering an average vendor discount of -5.33% to real estate investors.
Situated 15.14km from the CBD, Rydalmere is one of Parramatta localities in the postcode 2116.
Over the last year, property investments in Rydalmere, 2116 have given investors a capital gain of 5.78%. This compares averagely with the 5.59% for NSW as a whole.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Rydalmere has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Rydalmere is offering property investors an average of -4.45. This rate of discount on properties puts Suburb at number 42th in terms of most discounted suburbs in NSW
Situated 12.00km from the CBD, Rydalmere is one of Parramatta localities in the postcode 2116.