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Parramatta

Suburb Profile

Parramatta - FREE SUBURB PROFILE REPORT
POSTAL CODE: NSW,2150

house
unit

Property investors enjoyed capital gains of 30.98% over the last 12 months in PARRAMATTA, translating to lower returns compared with its peers in NSW.

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

The suburb posted a 6.31% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $490 based on current median home prices for the suburb.

On average, rents on listings have reached the $490 mark, reflecting a 2.11% increase in returns based on the current median price in PARRAMATTA.

PARRAMATTA, 2150 ranks 20th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 1087th on the list of best yielding suburbs for rental properties in NSW, posting a 2.11% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,205,000 $617,000
GROWTH REPORT
Median Quarterly 3.88% 0.16%
Median 12 month 30.98% -1.28%
Median 3 years 6.31% -7.57%
Median 5 years 21.72% -2.83%
10 years average annual 9.41% 5.87%
Weekly media advert. rent $490 $460
Time on Market 47.3 days 80.0 days
Gross Rental Yield Percent 2.11% 3.88%
demographics (median values)
Total Population
18446
Weekly Household Income
1021
Household Size
2.40
demographics
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