If you compare the increase in value of investment property in Ryde, 2112 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 3.55%.
When looking at the potential capital gains offered to property investors over the last 3 years, Ryde comes in at number 1117th in NSW.
Sellers are offering property buyers an average discount of -8.16% to buyers in Ryde at the moment, which is less than average for the rest of NSW.
Using the current median advertised rental of $695 and the average annual increase in value of a median property of 7.96%, investors should hope to achieve an overall return of 2.48%
Investment property in Ryde has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -0.31%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Ryde has increased when compared to the 5 year average annual rate.
At number 111th of NSW’s most discounted properties, Ryde is in the bottom 40% of the state/territory when listing in order of most discounted to least.
Property investors should expect to get $500 weekly from the median priced house in this suburb.
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Significant unit influx
Median unit price: $680,500
Stock on market: 57.7%
12-month growth: 1.0%
In the administrative centre of Ryde City in the Northern Suburbs region of Sydney, the number of units on the market increased drastically from 147 in July 2017 to 250 a year later. This represents a rise of over 50%.
This market is recovering after apartment prices took a 0.8% dip in 2015. While growth is gentle, units are spending an average of just 56 days on the market.
Ryde sits on the north bank of Parramatta River, and was named for a town on the Isle of Wight. Top Ryde acts as the commercial hub, with Top Ryde City being the suburb’s main shopping complex. Top Ryde also contains the Ryde council office and the local library. Several State Transit buses pass through Ryde on their way to the Sydney CBD, Milsons Point, Burwood and Marsfield.