Question 1

Is Rydalmere a nice place to live?

Accepted Answer

Rydalmere sits on the northern bank of the Parramatta River, close to Parramatta, and mixes riverside parkland and riverwalks with streets of timber cottages and post-war houses and clusters of newer apartments near transport corridors. The community of 7,274 people has a median age of 37 and a median household income of $1,871 a week. Housing is mostly owner-occupied (57.3%) with a substantial rental sector, and the population includes families, young professionals and long-term locals.

Everyday life centres on green spaces, local shops and cafes, with straightforward bus links and access to Parramatta’s rail services. A government-led development precinct is planned that would deliver thousands of homes, a school, extensive open space and a new internal road network, while an upgrade to Rydalmere Public School and a park masterplan (including a $6.4 million refurbishment of the local bowling club) are being progressed. Light rail enabling works have at times required temporary river closures and replacement bus links for ferry services.

Question 2

Is it expensive to live in Rydalmere?

Accepted Answer

A median house price of $1,550,000 in Rydalmere works out to about 15.9 times a typical local annual household income at the last Census (weekly household income $1,871 × 52 = $97,292). On that measure, buying a house sits well above what local households recorded at the last Census earned in a year.

Renting also takes a noticeable share of local income. A house rent of $765 a week would be about 40.9% of a typical local household's weekly income at the last Census, a large share, while a unit rent of $620 a week is about 33.1% of that weekly income, a sizeable share. If you are renting rather than buying, those rent shares are likely the most relevant figures for you.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Rydalmere a good place to invest?

Accepted Answer

Rydalmere's market split over the past 12 months. Median house values rose 9.8% while median unit values fell 11.6%. Over the same period house rents increased 4.8% and unit rents increased 6.9%.

For someone weighing Rydalmere as an investment, the value changes speak to capital growth: houses recorded a solid rise in value this year while units saw a large fall. The rent figures speak to rental income: unit rents grew at a solid pace, 6.9%, and house rents rose more modestly, 4.8%. Whether that mix fits your objectives depends on your own goals and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$1.55M	N/A
Change in value Past 12 months	9.8%	-11.6%
Sold Past 3 months	15	6
Median days on market Past 12 months	37	33
Average rent Past 12 months	$765	$620
Change in rent Past 12 months	4.8%	6.9%

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