Property investors who have had real estate in Parramatta, 2150 should be unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -7.83%
If we look at median property appreciation over just the last three months, Parramatta has given property investors a paper return of 3.16%. This puts Suburb as 500 on a list of fastest fasting appreciating suburbs in NSW
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Parramatta, 2150. Typically our figures indicate that -2.19% is being offered, which puts this NSW suburb at 3693th most discounted overall in Australia.
Renters in Suburb are facing rents around $5760 per annum or $480 every week.
With a capital gain of -3.05% for the last 12 months, Parramatta, 2150 has performed for property investments than its average annual 7.56% property growth over the last 5 years.
Taking the average capital gain, or increase in median house value, Parramatta,2150 has racked up an average of -3.05% over the period. This ranks it number 617th in the whole country for real estate investors looking at median house price increases.
The most recent median price for Parramatta is $620000, with sellers offering an average of -5.30% off the asking price.
Parramatta, 2150’s gross rental yield is 3.94%