Investment property in Rydalmere has done 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 -19.21%
Over the longer term, Rydalmere has seen property prices show investors a -4.25% return over the last 3 years. This is worse than over the last 12 months
Property investors looking for a bargain in Rydalmere should be aiming for at least -12.38% off the asking price, which is the average vendor discount being achieved at the moment.
Property investors should expect to get $550 weekly from the median priced house in this suburb.
Over the last year, property investments in Rydalmere, 2116 have given investors a capital gain of 2.62%. This compares favourably with the -4.02% 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.
Our latest figures would indicate that property sellers in Rydalmere are currently offering property investors an average price cut of -6.89% below the asking price at the moment.
In the last year 28 properties changed hands in Rydalmere, which puts it as the 305th most active market in NSW when comparing the number of sales per suburb.
With the median price for a house in Rydalmere being $685000 and the advertised rent reaching $495 the gross rental yield for property investors calculates out to be 3.76%