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Silverwater

POSTAL CODE: NSW, 2128
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Based on its average 5-year and quarterly capital gains SILVERWATER, 2128 saw average growth in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that SILVERWATER, 2128 obtained a 4.88% growth over a ten-year period. It ranks 3219th on our list of suburbs that property investors should look into.

SILVERWATER, 2128 in NSW belongs to the local government area of Parramatta.

SILVERWATER, 2128 has a capital gain of 6.83% for the past year, which is higher than average compared to its 0% growth within a five-year period.

With the median home price in SILVERWATER sitting at $1,642,500, and the average rent at N/A, property owners could potentially earn a N/A increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in SILVERWATER are high, as opposed to average gains per annum over the past five years.

Surburb overview

Silverwater is a suburb located approximately 15 kilometres west of Sydney's Central Business District, within the City of Parramatta local government area. The suburb spans an area of 2.7 square kilometres and sits at an elevation of 9 metres above sea level. It is situated on the southern bank of the Parramatta River and is bordered by Ermington to the north and Newington to the east.

According to the 2021 Census, Silverwater had a population of 3,600 residents. The median age was 35 years. Approximately 45.7% of residents were born overseas, with significant communities from South Korea (9.5%), China (3.6%), and India (2.6%). Languages spoken at home include English (20.3%), Korean (12.1%), and Arabic (4.9%). The suburb has a higher proportion of male residents, accounting for 64.4% of the population.

Public transportation in Silverwater includes several bus routes connecting to Parramatta, Strathfield, Auburn, Ryde, and Sydney Olympic Park. The suburb does not have a train station; however, Auburn Station is accessible via a short bus ride. Silverwater Road offers direct access to the M4 Western Motorway, providing convenient travel to various parts of Sydney.

Essential amenities in Silverwater comprise a mix of industrial and commercial establishments. The suburb is home to numerous small to medium enterprises, as well as larger companies, due to its central location and access to major transport routes. Retail options include local cafes and restaurants, with larger shopping centres located in nearby suburbs such as Auburn and Newington.

Recreational activities in Silverwater are supported by its proximity to the Parramatta River, offering opportunities for walking and cycling along the riverbank. While the suburb itself has limited recreational facilities, residents can access nearby parks and open spaces in adjacent suburbs. The Silverwater Correctional Complex, situated within the suburb, features heritage-listed buildings, including Newington House.

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