If you compare the increase in value of investment property in Parramatta, 2150 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was 1.25%.
Across a shorter period, Parramatta, 2150 has seen a median price increase of -4.12% over the last quarter.
LACK OF BUYER INTEREST may well be the reason that Parramatta is offering property investors an average of -5.52. This rate of discount on properties puts Suburb at number 1147th in terms of most discounted suburbs in NSW
Property investors should expect to get $480 weekly from the median priced house in this suburb.
NSW has seen average median house prices change by 8.14% which means that Parramatta, 2150 has done well for property investors by showing a capital gain of 4.39% over the last year
Parramatta,2150 was ranked 1043 in Australia by increase in median property value over the quarter.
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 -4.90% is being offered, which puts this NSW suburb at 769th most discounted overall in Australia.
Parramatta is 334th on a list of best yielding suburbs for rents in NSW with a 4.02% return