City of RydeEconomic profile
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City of Ryde

Housing valuation

At June 2018, City of Ryde had a median house valuation of $1,698,531, $958,087 higher than the median house valuation for New South Wales.

Housing valuation and rental data are a measure of the economic desirability of living in the local area. High housing prices usually indicate access to high-paid jobs and a very desirable area. However they can present issues in attracting and retaining key lower skilled workers. Lower housing prices indicate less demand and may be an asset for attracting people to live in the area. However they can also indicate lower paid and lower skilled jobs or a declining economy.

Housing prices often factor in a home ownership premium due to expected capital growth and the ability to customise the property, but rental costs are a more direct measure of the immediate economic value of living in the area. Increases in rents often have a more direct relationship to employment and demand for housing.

Hometrack 2014-2018, Housing Valuation System

Housing values
City of Ryde20182014Change
Housing value (at June)City of RydeNew South WalesCity of Ryde relative to New South WalesCity of RydeNew South WalesCity of Ryde relative to New South Wales2014 to 2018
House--------------
First Quartile$1,563,071$498,085+213.8%$974,662$361,802+169.4%+$588,409
Median$1,698,531$740,444+129.4%$1,067,812$508,933+109.8%+$630,719
Third Quartile$1,884,935$1,171,986+60.8%$1,200,014$799,290+50.1%+$684,921
Unit--------------
First Quartile$666,349$485,261+37.3%$482,198$343,269+40.5%+$184,151
Median$758,742$676,368+12.2%$571,892$496,521+15.2%+$186,850
Third Quartile$861,963$890,202-3.2%$678,804$659,154+3.0%+$183,159

Source: Hometrack 2014-2018, Housing Valuation System.

Housing values, 2018
Housing values, 2018 Third Quartile, New South Wales: $890,202 Median, New South Wales: $676,368 First Quartile, New South Wales: $485,261 Third Quartile, New South Wales: $1,171,986 Median, New South Wales: $740,444 First Quartile, New South Wales: $498,085 Third Quartile, City of Ryde: $861,963 Median, City of Ryde: $758,742 First Quartile, City of Ryde: $666,349 Third Quartile, City of Ryde: $1,884,935 Median, City of Ryde: $1,698,531 First Quartile, City of Ryde: $1,563,071
Source: Hometrack 2014-2018, Housing Valuation System
Change in housing values, 2014 to 2018
Change in housing values, 2014 to 2018 Third Quartile, New South Wales: $231,048 Median, New South Wales: $179,847 First Quartile, New South Wales: $141,992 Third Quartile, New South Wales: $372,696 Median, New South Wales: $231,511 First Quartile, New South Wales: $136,283 Third Quartile, City of Ryde: $183,159 Median, City of Ryde: $186,850 First Quartile, City of Ryde: $184,151 Third Quartile, City of Ryde: $684,921 Median, City of Ryde: $630,719 First Quartile, City of Ryde: $588,409
Source: Hometrack 2014-2018, Housing Valuation System

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