Property investors enjoyed capital gains of 10.57% 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 28.72% 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 $520 based on current median home prices for the suburb.
On average, rents on listings have reached the $520 mark, reflecting a 2.15% increase in returns based on the current median price in PARRAMATTA.
PARRAMATTA, 2150 ranks 434th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 1112th on the list of best yielding suburbs for rental properties in NSW, posting a 2.15% return.
Property investors have seen a -1.52% drop in PARRAMATTA based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains PARRAMATTA, 2150 saw average growth in the long term.
PARRAMATTA, 2150 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $650,000.
Profits due to an upward trend in home prices in PARRAMATTA, 2150 averaged 1.17% per annum over a 3-year period.
This number can mean, real estate investors could earn a rental income of $480 based on current median home prices for the suburb.
The gross rental yield in PARRAMATTA, 2150 is 3.84%.
An average of 53.33 real estate transactions take place per month in PARRAMATTA which translates to 640 per annum.
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