Ryde and North Ryde- NSW

[rodimus]

What do you think about properties in Ryde and North Ryde,NSW?

Some old units are selling there for $330,000.
Not bad condition.

[sydneycider]

Haven't looked in detail at North Ryde as far as yields go, but I think anywhere near the new train station / mac centre / mac uni will always have a strong rental demand (or is that actually classed as Marsfield ?)

Also the Macquarie Park business area is attracting some high profile companies.

Optus is building a massive campus there to be completed in a couple of years.

[see_change]

There are units for sale for less than 300k closer to the city .

Cammeray has places under 300K , though I don't know how they compare with the units in North Ryde.

See Change

[see_change]

Haven't looked in detail at North Ryde as far as yields go, but I think anywhere near the new train station / mac centre / mac uni will always have a strong rental demand (or is that actually classed as Marsfield ?)

Also the Macquarie Park business area is attracting some high profile companies.

Optus is building a massive campus there to be completed in a couple of years.

Sydneycider . Shhhhhh....

Have been watching that area . Prices have gone back about 15 % ( 10 % last year , 5 % this year) in the last two years which is much the same as the rest of the North Shore. So despite having good fundamental reasons to go forwards, it's gone backwards.

For me that is a classic example of , regardless of how good the fundamentals / new infrastructure of an area is , you need to get your timing right.

Yes , sure it will be good in the long term and after the rest of Sydney stopped in late 2003 , parts of Ryde continued to move forward strongly with some fairly frantic bidding from people keen not to miss out. There was nothing under 700 in one area I watch , where as now low 6's is the bottom asking price and several properties have been sitting on the market for quite a few months :rolleyes: .

*sigh* ;)

But remember the next cycle will ( probably ) start in Sydney ( as it always has ) so ( outside WA which is still moving ;) ) it will probably be one of the earlier places to see good growth in the next cycle.

See Change