Property value increases in Ryde have tracked lower than the NSW average of -4.28% over the last 12 months.
Taking the average capital gain, or increase in median house value, Ryde,2112 has racked up an average of -19.99% over the period. This ranks it number 3333th in the whole country for real estate investors looking at median house price increases.
The most recent median price for Ryde is $1353000, with sellers offering an average of -9.76% off the asking price.
Often selling an investment property can take time, and in Ryde the average time real estate has been on the market is 68.48 days.
Property investors should expect to get $700 weekly from the median priced house in this suburb.
Property value increases in Ryde have tracked close to the NSW average of -3.83% over the last 12 months.
While Ryde,2112 ranked number 372th in NSW for increase in median house value (annualised) increase, it is ranked 482th over the last 5 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 -8.88% is being offered, which puts this NSW suburb at 151th most discounted overall in Australia.
Renters in Suburb are facing rents around $27040 per annum or $520 every week.
Information supplied by:
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.