Located in New South Wales within the Ryde local government area, Ryde is a sizeable suburb (postcode 2112). With a population of 31,907, the suburb has a mix of young professionals and families with a median age of 36. Households earn a median income of $105K per year, with an average household size of 2.4 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.8% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, clerical & administrative. Employment in the area leans toward professional services and healthcare. The top ancestries reported are Chinese, English, Australian.
Median house prices in Ryde stand at $2.2 million, having dropped significantly by 14.2% over the last twelve months. Units have a median price of $690,000 (-6.1% YoY). The current median weekly rent is $788. This gives a gross rental yield of approximately 1.9%. The median monthly mortgage repayment is $2,500.
Ryde is served by 7 schools, including 5 primary, 2 secondary. The average ICSEA score is 1115, which is well above the national average of 1,000. Public transport access includes 2 rail stations, 122 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Ryde LGA is below average at 2,087 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 1.9% (low yield). Property prices are above the state median ($2.2M/$1.5M), placing it in the premium segment. The price-to-income ratio of 21.0x is considered stretched. House prices have moved -14.2% year-on-year. Population growth of +1.8% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.