Investment property in Ryde has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -0.95%
Ryde,2112 has offered an average of -0.95% return per annum in house price rises to property investors over the last three years.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Ryde, 2112. Typically our figures indicate that -8.01% is being offered, which puts this NSW suburb at 754th most discounted overall in Australia.
On average over the past year, suburb has had 14.50 sales per month, which equates to 174 per year.
Using the current median advertised rental of $700 and the average annual increase in value of a median property of 9.43%, investors should hope to achieve an overall return of 2.19%
Ryde has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -2.76% to date .
Over the longer term, Ryde has seen property prices show investors a 1.88% return over the last 3 years. This is worse than over the last 12 months
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.18% offered to property buyers. Sellers in Ryde itself are offering an average vendor discount of -5.78% to real estate investors.
On average over the past year, suburb has had 31.58 sales per month, which equates to 379 per year.
Ryde is 356th on a list of best yielding suburbs for rents in NSW with a 3.76% return
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%Full summary
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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.Close