Suburb Profile Report for Rydalmere NSW (2116)

Rydalmere House: Median price $1,100,000, Annual capital growth 8.43%, Number of sales 71, Weekly median advertised rent $520

Rydalmere Unit: Median price $650,000, Annual capital growth 5.39%, Number of sales 58, Weekly median advertised rent $480

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Over the last year, property investments in Rydalmere, 2116 have given investors a capital gain of -4.35%. This compares badly with the 0.15% for NSW as a whole.

Taking the average capital gain, or increase in median house value, Rydalmere,2116 has racked up an average of -4.35% over the period. This ranks it number 2198th in the whole country for real estate investors looking at median house price increases.

Vendor discounting in Rydalmere is giving property investors an average Vendor Discount of around -9.58%. This puts suburb at number 51th in NSW when ranking the most discounted suburbs.

A $520 per week rent on the median house gives suburb investors a gross yield of circa 2.46%, without taking into account capital value appreciation, which has been averaging out at 8.43%.

NSW has seen average median house prices change by -0.92% which means that Rydalmere, 2116 has not done well for property investors by showing a capital gain of -2.99% over the last year

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.

Rydalmere2116 is located in NSW which offers an average discount of -6.01% to property investors. Rydalmere itself is showing figures that indicate -7.49% is the average achievable by property buyers investing in the suburb.

At number 1090 in a list of fastest selling suburbs, Rydalmere is in the bottom 20% of suburbs in Australia with an average of days on market 100.107 for properties listed there.

With the median price for a house in Rydalmere being $650000 and the advertised rent reaching $480 the gross rental yield for property investors calculates out to be 3.84%

Metrics i HOUSE UNIT
$1,100,000 $650,000
4.86% -0.38%
-4.35% -2.99%
8.43% 5.39%
$520 $480
71 58
2.46% 3.84%
67.275 100.107142857143

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above average (H), Balanced (U)
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Demographics
Total population 6216
Median household income ($/weekly) 1287
Median age of persons 37
Median housing loan repayment ($/monthly) 2275
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 867 13.9
    25-34 years 781 12.6
    35-44 years 1004 16.1
    45-54 years 997 16.0
    55-64 years 646 10.4
    Others 1923 30.9
    Age Group
    Census Count Percent(%)
    Registered Married 2311 51.6
    Not Married 1910 42.7
    Defacto Relationship 257 5.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 3639 61.5
    Croatia 585 9.9
    Lebanon 281 4.7
    United Kingdom 152 2.6
    Other 361 6.1
    Others 900 15.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 235 4.1
    Christianity 3860 66.9
    Hinduism 109 1.9
    Islam 284 4.9
    No Religion 1237 21.4
    Others 45 0.8
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 164 8.7
    $600-$799 171 9.1
    $1,000-$1,249 165 8.7
    $1,500-$1,999 240 12.7
    $2,000-$2,499 210 11.1
    Others 939 49.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1866 39.9
    Not in the labour force 1717 36.7
    Employed, worked part-time 760 16.3
    Unemployed, looking for work 175 3.7
    Employed, away from work 156 3.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 295 10.6
    Professionals 621 22.3
    Technicians & trades workers 404 14.5
    Community & personal service workers 247 8.9
    Clerical & administrative workers 513 18.4
    Others 706 25.3
    Occupation
    Census Count Percent(%)
    Pre-school 131 8.1
    Infants/Primary 530 32.9
    Secondary 454 28.2
    Technical or Further Educational Institution 156 9.7
    University or other Tertiary Institutions 278 17.3
    Others 60 3.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3723 64.5
    Semi-detached, row or terrace house, townhouse 1441 24.9
    Flat, unit or apartment 602 10.4
    House or flat attached to a shop, office 10 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 800 39.3
    Rented 676 33.2
    Fully owned 546 26.8
    Other tenure type 16 0.8
    Tenure Type
Census 2011, ABS
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