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Ramsgate, NSW 2217

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Ramsgate, NSW 2217 located in Sydney to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

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Yield 

1BR

2BR

3BR

Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Ramsgate, NSW 2217”

  1. The total adult population (15 years or older) of Ramsgate 2217 NSW is 991, with a median age of 47. Of those, 47.73% are married, 15.14% are divorced or separated, 31.58% are single and 5.35% are widowed.

    The average household size is 2.5 people per dwelling, and the median household monthly income is estimated to be $8,720. The median monthly mortgage repayment for households in this suburb is $2,383 which is 27.33% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in New South Wales, the suburb of Ramsgate, postcode 2217, is home to approximately 728 households. As we step into Q3 of 2023, the typical price for houses in Ramsgate stands at $2,046,256. With a median weekly rent of $708, this culminates in an indicative yield of approximately 1.8%, somewhat below the cashflow-focused property investor’s preference of a minimum 3% return.

    The socio-economic positioning of the area is revealed by an IRSAD score of 1053 out of 1217, which suggests a reasonably strong socio-economic environment, with fair access to financial resources and a resident workforce that displays a decent level of skill and income.

    The renter to owner ratio is approximately 31%; slightly above the desirable threshold of 30%. This indicates a slight over-saturation of the rental market which may dampen long-term returns. The units to houses ratio in Ramsgate is 60%. This higher ratio indicates a market more saturated with units, translating to more competition among landlords for tenants which leads to potential risks for investors.

    The calculated affordability index for houses stands high at 92 years, demonstrating decreased affordability and a potential challenge for those looking to enter the property market in this suburb.

    Supply metrics reveal the stock on market Percentage for houses as 1.24%, which falls in the neutral range. The inventory level for houses is somewhat high at 4.0 months, pointing towards a potential oversupply in the market. Interestingly, the building approvals Ratio for houses is at 0.0%, indicating no new additions to the housing stock are currently planned.

    In terms of market demand, houses spend an average of 24 days on the market, signalling a relatively high demand. The vacancy rate, accounting for both houses and units, is 2.23%, indicating a neutral level of demand. The buy search index for houses is at 3, presenting a neutral level of demand in this region.

    In understanding these metrics, it’s essential not to overlook the overall trends in the suburb’s property market and consider how each factor may influence future performance. It’s also worth noting that while some metrics for Ramsgate 2217 may fall outside the desired range, it doesn’t necessarily disadvantage this suburb as a potential investment opportunity. Utilising tools like the RCS (Relative Composite Score) by HtAG Analytics, which takes into account over 80 metrics, can greatly assist in valuing property market assets. Stay informed and up-to-date with comprehensive market research and data to make rewarding investment decisions.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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