Harris Park has had a very poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -46.79% to date .
If we look at median property appreciation over just the last three months, Harris Park has given property investors a paper return of -28.68%. This puts Suburb as 1385 on a list of fastest fasting appreciating suburbs in NSW
Property investors should expect to get $495 weekly from the median priced house in this suburb.
Harris Park has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of 0.00% to date .
Over the longer term, Harris Park has seen property prices show investors a 36.99% return over the last 3 years. This is worse than over the last 12 months
Harris Park2150 is located in NSW which offers an average discount of -4.45% to property investors. Harris Park itself is showing figures that indicate -5.19% is the average achievable by property buyers investing in the suburb.
On average over the past year, suburb has had 7.08 sales per month, which equates to 85 per year.
Harris Park, 2150’s gross rental yield is 4.26%
Demand is already heating up in this suburb, with units typically spending just 28 days on the market, and a healthy vacancy rate of 2.13%, according to Real Estate Investar. The median price of units in Harris Park is also considerably cheaper than neighbours Parramatta ($520,000) and North Parramatta ($508,625).Full summary
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Harris Park: Underrated suburb with bright future
Parramatta may be on the minds of many investors, yet its neighbour Harris Park that also has a bright future. But let’s not kid ourselves. There are some top class amenities in Parramatta which residents of Harris Park love to take advantage of. Namely, the massive Westfield Shopping Centre, which is the fourth largest shopping centre in Australia.
Additionally, Harris Park has all the benefits of the Parramatta CBD, Parramatta Stadium and excellent transport options. The latter is only likely to get better in coming years as new transport infrastructure is put together including the WestConnex and the Badgerys Creek Airport.
In the suburb itself is a little shopping area on Marion St, plus it’s located very close to sought-after schools and universities. It is also a multicultural suburb that’s becoming especially popular with the Indian population.
Demand is already heating up in this suburb, with units typically spending just 28 days on the market, and a healthy vacancy rate of 2.13%, according to Real Estate Investar. The median price of units in Harris Park is also considerably cheaper than neighbours Parramatta ($520,000) and North Parramatta ($508,625).
There are many affordable units on Brisbane St, Alice St and Harris St which are within walking distance of railway stations, the Parramatta CBD and the Westfield Shopping Centre.
Most sought-after properties: Apartments
Most common properties: Apartments
Top amenities: Westfield Parramatta, Parramatta train station, Parramatta River, Westmead Public and Private Hospital, Cumberland Hospitals, Restaurants in Church street, Parramatta Park, Public and private school, Parramatta Swimming centre, Parramatta Stadium, University of Western Sydney, etc
Local industry and business: Major business and commercial centre. This is a large commercial and residential area and has been acknowledged at the administrative centre for the Greater Wester Sydney. Many government agencies based here and the headquarters for many businesses.
Public transport: Buses, Train and Ferry
Main arteries: Great Western Hwy, James Ruse Drive, M4 Western MwyClose