Parramatta, 2150 ranked 1327th in NSW when comparing growth in median property values or capital gain over the last 12 months. Parramatta is one of 3163 in our list for NSW
The five-year average increase in median property values for Parramatta,2150 has given property investors a potential capital gain of 92.00% across each of those five years.
LACK OF BUYER INTEREST may well be the reason that Parramatta is offering property investors an average of -5.49. This rate of discount on properties puts Suburb at number 1224th in terms of most discounted suburbs in NSW
Advertised rents are around the $480 mark per week – giving a return of 2.42% based on the median price in Suburb
At number 1441th in the list of Australian suburbs ordered by increase in median house value over the last year, Parramatta, 2150 is in the BOTTOM 20% with a property value increase of -5.67% recorded in median house prices.
Parramatta,2150 was ranked 503 in Australia by increase in median property value over the quarter.
Parramatta2150 is located in NSW which offers an average discount of -4.42% to property investors. Parramatta itself is showing figures that indicate -5.19% is the average achievable by property buyers investing in the suburb.
Residents and property investors in Parramatta have been waiting around 56.15 days to sell a property.
Using the current median advertised rental of $460 and the average annual increase in value of a median property of 7.06%, investors should hope to achieve an overall return of 3.99%