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Telopea

POSTAL CODE: NSW, 2117
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TELOPEA ranks 617th in NSW when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of 1.18% for the past year is lower than average compared to its 50.49% growth within a five-year period.

Also in TELOPEA, the median home price is sitting at $1,922,500, and the average rent at $720, this suggests property owners could potentially earn a 1.95% increase in gross rental yield.

Property investors have seen a -1.41% drop in TELOPEA based on a decrease in median home prices for the past three months.

A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 6.15% growth over a ten-year period. It ranks 2579th on our list of suburbs that property investors should look into.

Surburb overview

Telopea, located approximately 23 kilometres north-west of Sydney’s central business district, falls within the City of Parramatta local government area.

As of the 2021 Census, Telopea had a population of 5,356 residents. The suburb exhibits significant cultural diversity, with 43.4% of its population born in Australia and notable communities from China (15.2%), South Korea (7.1%), India (2.6%), Hong Kong (2.5%), and Iran (1.8%). Languages spoken at home include Mandarin (16.6%), Korean (9.6%), and Cantonese (8.8%). The median age is 40 years, aligning closely with the national median.

Public transportation in Telopea has undergone significant changes in recent years. The Telopea railway station previously served the suburb on the Carlingford line, which closed in January 2020 to facilitate the development of the Parramatta Light Rail project. Currently, residents rely on bus services, including route 545, which connects Telopea to Macquarie Park and Parramatta. The nearest light rail station is now located in Parramatta, accessible via local bus routes.

Essential establishments in Telopea include the Waratah Shopping Centre, which offers a range of retail options, including a newsagent, chemist, and bakery. Additional shops line Adderton Road, while community facilities include a primary school, a library, a community hall, and a community garden.

Natural features, such as the Vineyard Creek Reserve, support recreational activities, offering a bushland area with a spring-fed creek and waterfalls that provide opportunities for walking and nature observation. The suburb also borders the Oatlands Golf Course, offering golfing facilities to residents and visitors.

Telopea's housing predominantly consists of low- to medium-density dwellings, with most constructed after World War II. Medium-density housing primarily clusters near the former railway line. The suburb is part of the City of Parramatta’s strategic planning for housing growth, aligning with infrastructure developments like the Parramatta Light Rail.

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