Rydalmere is a mid-sized suburb in New South Wales within the Parramatta local government area (postcode 2116). With a population of 7,274, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $97K per year, with an average household size of 2.8 people. The most common occupations are professionals, clerical & administrative, managers. The top ancestries reported are Australian, Chinese, English.
The median house price in Rydalmere is $2.3 million, having surged 21.7% over the past year. Units have a median price of $990,000 (+37.5% YoY). The current median weekly rent is $710. This gives a gross rental yield of approximately 1.6%. The median monthly mortgage repayment is $2,500.
Rydalmere is served by 2 schools, including 2 primary. The average ICSEA score is 1048, which is around the national average of 1,000. Public transport access includes 1 rail station, 1 tram stop, 1 ferry wharf, 46 bus stops. The crime rate in the Parramatta LGA is below average at 3,186 incidents per 100,000 population.
From an investment perspective, Rydalmere offers a gross rental yield of 1.6%, rated as low yield. Property prices are above the state median ($2.3M/$1.5M), placing it in the premium segment. The price-to-income ratio of 23.9x is considered stretched. House prices have moved +21.7% year-on-year.
Rydalmere is a mid-sized suburb in New South Wales within the Parramatta local government area (postcode 2116). With a population of 7,274, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $97K per year, with an average household size of 2.8 people. The most common occupations are professionals, clerical & administrative, managers. The top ancestries reported are Australian, Chinese, English.
The median house price in Rydalmere is $2.3 million, having surged 21.7% over the past year. Units have a median price of $990,000 (+37.5% YoY). The current median weekly rent is $710. This gives a gross rental yield of approximately 1.6%. The median monthly mortgage repayment is $2,500.
Rydalmere is served by 2 schools, including 2 primary. The average ICSEA score is 1048, which is around the national average of 1,000. Public transport access includes 1 rail station, 1 tram stop, 1 ferry wharf, 46 bus stops. The crime rate in the Parramatta LGA is below average at 3,186 incidents per 100,000 population.
From an investment perspective, Rydalmere offers a gross rental yield of 1.6%, rated as low yield. Property prices are above the state median ($2.3M/$1.5M), placing it in the premium segment. The price-to-income ratio of 23.9x is considered stretched. House prices have moved +21.7% year-on-year.