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.