Suburb Profile Report for Parramatta NSW (2150)

Parramatta House: Median price $1,185,000, Annual capital growth 10.79%, Number of sales 45, Weekly median advertised rent $490

Parramatta Unit: Median price $655,000, Annual capital growth 7.62%, Number of sales 677, Weekly median advertised rent $470

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Parramatta has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 18.50%

Taking the average capital gain, or increase in median house value, Parramatta,2150 has racked up an average of 18.50% over the period. This ranks it number 388th in the whole country for real estate investors looking at median house price increases.

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 -4.15% is being offered, which puts this NSW suburb at 2893th most discounted overall in Australia.

Advertised rents are around the $490 mark per week – giving a return of 2.15% based on the median price in Suburb

Giving property investors a an average capital gain of 1.63% for the last year, Parramatta, 2150 is the 1033th highest performer in Australia in this respect.

While Parramatta,2150 ranked number 305th in NSW for increase in median house value (annualised) increase, it is ranked 248th over the last 5 years.

At number 72th of NSW’s most discounted properties, Parramatta is in the bottom 20% of the state/territory when listing in order of most discounted to least.

The NSW suburb of Parramatta, 2150 is in the Parramatta local government area.

Metrics i HOUSE UNIT
$1,185,000 $655,000
4.41% 1.55%
18.50% 1.63%
10.79% 7.62%
$490 $470
45 677
2.15% 3.73%
70.8 61.49

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
Find a mortgage broker in Parramatta NSW
Demographics
Total population 19744
Median household income ($/weekly) 1314
Median age of persons 30
Median housing loan repayment ($/monthly) 1950
Average household size 2.4
  • Census Count Percent(%)
    0-4 years 1427 7.2
    20-24 years 2024 10.3
    25-34 years 6902 35.0
    35-44 years 2790 14.1
    45-54 years 1807 9.2
    Others 4795 24.3
    Age Group
    Census Count Percent(%)
    Registered Married 7110 49.1
    Not Married 6484 44.7
    Defacto Relationship 896 6.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 5428 30.2
    Croatia 2909 16.2
    Indonesia 4241 23.6
    Lebanon 370 2.1
    Other 1877 10.5
    Others 3133 17.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 1097 6.3
    Christianity 6344 36.2
    Hinduism 3976 22.7
    Islam 1328 7.6
    No Religion 4082 23.3
    Others 702 4.0
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 605 9.2
    $1,000-$1,249 734 11.1
    $1,250-$1,499 713 10.8
    $1,500-$1,999 1029 15.6
    $2,000-$2,499 631 9.5
    Others 2898 43.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 7084 46.0
    Not in the labour force 4570 29.7
    Employed, worked part-time 2414 15.7
    Unemployed, looking for work 890 5.8
    Employed, away from work 452 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 909 9.1
    Professionals 2939 29.5
    Technicians & trades workers 1064 10.7
    Clerical & administrative workers 1698 17.1
    Sales 870 8.7
    Others 2472 24.8
    Occupation
    Census Count Percent(%)
    Infants/Primary 845 19.3
    Secondary 615 14.0
    Technical or Further Educational Institution 590 13.5
    University or other Tertiary Institutions 1704 38.9
    Other type of educational institution 408 9.3
    Others 220 5.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 12916 75.2
    Separate house 3023 17.6
    Semi-detached, row or terrace house, townhouse 1232 7.2
    House or flat attached to a shop, office 3 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 4389 62.9
    Being purchased 1685 24.2
    Fully owned 870 12.5
    Other tenure type 29 0.4
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals