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 -7.03%
Parramatta,2150 has offered an average of -7.03% return per annum in house price rises to property investors over the last three years.
Sellers are offering property buyers an average discount of -1.40% to buyers in Parramatta at the moment, which is less than average for the rest of NSW.
At number 2318 in a list of fastest selling suburbs, Parramatta is in the bottom 40% of suburbs in Australia with an average of days on market 92.72 for properties listed there.
Parramatta is in the bottom 20% in NSW when comparing median price capital growth over the last year. Parramatta gave property investors a dismal capital gain figure when compared to the rest of the state, with -4.92%.
Across a shorter period, Parramatta, 2150 has seen a median price increase of 1.53% over the last quarter.
The most recent median price for Parramatta is $599000, with sellers offering an average of -5.30% off the asking price.