Ryhope is a quiet locality in New South Wales within the Lake Macquarie local government area (postcode 2283). With a population of 35, the suburb has a mature demographic with a median age of 49. Households earn a median income of $72K per year, with an average household size of 2.8 people. The most common occupations are community & personal service, clerical & administrative, professionals. The top ancestries reported are Australian, English, Scottish.
The median house price in Ryhope is $30,000, having dropped significantly 25% over the past year. The current median weekly rent is $620. This gives a gross rental yield of approximately 107.5%. The median monthly mortgage repayment is $2,817.
The crime rate in the Lake Macquarie LGA is below average at 3,396 incidents per 100,000 population.
From an investment perspective, Ryhope offers a gross rental yield of 107.5%, rated as high yield. Property prices sit below the state median ($30K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 0.4x is considered affordable. House prices have moved -25.0% year-on-year.
Ryhope is a quiet locality in New South Wales within the Lake Macquarie local government area (postcode 2283). With a population of 35, the suburb has a mature demographic with a median age of 49. Households earn a median income of $72K per year, with an average household size of 2.8 people. The most common occupations are community & personal service, clerical & administrative, professionals. The top ancestries reported are Australian, English, Scottish.
The median house price in Ryhope is $30,000, having dropped significantly 25% over the past year. The current median weekly rent is $620. This gives a gross rental yield of approximately 107.5%. The median monthly mortgage repayment is $2,817.
The crime rate in the Lake Macquarie LGA is below average at 3,396 incidents per 100,000 population.
From an investment perspective, Ryhope offers a gross rental yield of 107.5%, rated as high yield. Property prices sit below the state median ($30K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 0.4x is considered affordable. House prices have moved -25.0% year-on-year.