Barden Ridge Property Insights - Dec 2024

Barden Ridge, NSW 2234: A Leafy Family Haven

Located in southern Sydney, Barden Ridge is a picturesque suburb that offers a family-friendly atmosphere and a strong sense of community. Spanning 5.6 square kilometers, it features 17 parks covering nearly 8.7% of its area, making it an attractive option for outdoor enthusiasts and families. The population increased by 7.1% between 2011 and 2016, growing from 4,046 to 4,333 residents.

Housing Market Trends

Barden Ridge’s housing market is thriving, with the median house price reaching $1.7 million as of November 2024. Over the past 12 months, 47 houses were sold, with prices ranging from $1.54 million at the lower quartile to $1.84 million at the upper quartile. Properties spent an average of 20 days on the market, reflecting strong buyer demand. The median rent for houses is $1,100 per week, yielding a 3.3% rental return.

Unit Market Trends

The unit market in Barden Ridge is small but stable, with 7 units sold in the past year. The median unit price stands at $1.01 million, with units offering a median rent of $625 per week and a rental yield of 3.6%. These properties cater to buyers looking for an entry point into the suburb’s competitive market.

Barden Ridge

Land Market

The land market in Barden Ridge is extremely limited, with only 2 properties sold in the past year. The median land price is $1.02 million, reflecting the high value placed on development opportunities in this tightly held area.

Rental Market

The rental market in Barden Ridge is robust, especially for houses. The median rent for houses has risen to $1,100 per week, reflecting a 22.2% annual increase in rental rates.

For units, the median rent is $625 per week, with steady demand providing strong rental yields at 3.6%.

Recent Market Activity

Barden Ridge has experienced significant property activity:

• 47 houses were sold in the past year, with a median price of $1.7 million and a short 20-day average time on market.

• The unit market recorded 7 sales, with a median price of $1.01 million, highlighting steady interest in this property type.

• Only 2 land sales occurred, underscoring the scarcity of available development opportunities in the suburb.

This market activity demonstrates the strong demand for properties in Barden Ridge, particularly family homes.

Community and Lifestyle

Barden Ridge is a family-centric suburb, with 66.2% of households made up of couples with children. The predominant age group is 10-19 years, making it ideal for families. A significant 28.6% of households earn over $182,000 annually, indicating an affluent demographic. The suburb’s proximity to schools, parks, and local amenities further enhances its appeal.

Investment Potential

Barden Ridge offers excellent investment potential, with strong housing demand, rising rental rates, and limited land availability. Its family-friendly environment, premium housing options, and proximity to nature ensure continued growth and desirability for buyers and investors alike.