Ryde ranks as Sydney's weakest 2018 housing market: CoreLogic

Ryde ranks as Sydney's weakest 2018 housing market: CoreLogic
Ryde ranks as Sydney's weakest 2018 housing market: CoreLogic

The Ryde district ranked as Sydney's weakest 2018 housing market, according to CoreLogic.

Ryde values were down by 13.3 percent over the year to December 31.

Sydney's inner south west was the next weakest with values down 10.9 percent.

Melbourne's inner east was the worst performing area of 2018, seeing declines of 13.4 percent.

There was a late year deterioration in values as Ryde's decline was put at 9.4 percent in August (below).

Recent Ryde sales included a one-bedroom apartment at 4 Devlin Street (above), which sold for $565,000, some $115,000 less than its 2014 off the plan purchase price.

Ryde district vendors were having to adjust their expectations with losses emerging for some.
 
Another off the plan purchase in Ryde went backwards recently. 
 
The apartment was bought for $713,000. The Belmore Street two bedroom apartment recently sold for $691,000.
 
A two bedroom Macquarie Park apartment recently sold for $808,000, just $8,000 more than than two years ago. The sale fell well short of its initial $870,000 guide, and would have meant a loss after costs including stamp duty and estate agent commission.
 
A four bedroom house in Marsfield recently went backwards on its 2015 price. The 1975 built home sold for $1,791,000 in three years ago, and has just resold for $1.75 million, a $41,000 loss.

A unit at 21-31 Porter Street fetched $66,000 less, while a unit at 2D Porter Street sold for $38,000 less than four years ago.

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Ryde ranks as Sydney's weakest 2018 housing market: CoreLogic

A three bedroom house in Ryde sold for $1.65 million (pictured below) bucked the trend selling in under three weeks.

Set on a 550sqm block, the house at 1 Cosimo Place offered three large bedrooms, modern Caesarstone kitchen, formal living and second living area.

Other features include LED-lit stairs, alfresco, generous laundry and study nook. 

It sits a short stroll to buses and parklands, and delivers immediate access to schools, retails and Macquarie business precinct. 

 Ryde ranks as Sydney's weakest 2018 housing market: CoreLogic

A one bedroom unit in the heart of Ryde sold for $430,000 (pictured below). It first sold at $281,000 in 2012.

The unit situated at 1/688 Victoria Rd consists of one bedroom with built-in, spacious lounge/dining area, modern kitchen and private courtyard.

It is situated only a short walk away from Top Ryde Shopping Centre, Putney Shopping Village, Local Transport, Schools and Riverside Parklands.

 Ryde ranks as Sydney's weakest 2018 housing market: CoreLogic

A Curzon Street two-bedroom unit priced between $580,000 to $630,000 (pictured below) fetched $568,000 in October.

The unit at 7/15 Curzon Street comprises of large living area with balcony, newly renovated kitchen, two large bedrooms and lock-up storage room.

It situated within seconds to Top Ryde City Shopping Centre, city buses, restaurants and cafes.

Ryde ranks as Sydney's weakest 2018 housing market: CoreLogic

 

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Cooling Off Ryde

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