Suburb Profile Report for Parramatta NSW (2150)

Parramatta House: Median price $1,130,000, Annual capital growth 10.04%, Number of sales 43, Weekly median advertised rent $498

Parramatta Unit: Median price $638,000, Annual capital growth 7.80%, Number of sales 601, Weekly median advertised rent $470

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

Source: CoreLogic

  • House Report
  • Unit Report

Giving property investors a an average capital gain of 7.01% for the last year, Parramatta, 2150 is the 1802th highest performer in Australia in this respect.

Over the longer term, Parramatta has seen property prices show investors a 48.20% return over the last 3 years. This is worse than over the last 12 months

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 -3.54% is being offered, which puts this NSW suburb at 3334th most discounted overall in Australia.

Parramatta is 1085th on a list of best yielding suburbs for rents in NSW with a 2.29% return

Parramatta, 2150 ranked 439th 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

If we look at median property appreciation over just the last three months, Parramatta has given property investors a paper return of 2.08%. This puts Suburb as 259 on a list of fastest fasting appreciating suburbs in NSW

At number 88th 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.

In the last year 601 properties changed hands in Parramatta, which puts it as the 1st most active market in NSW when comparing the number of sales per suburb.

Property investors should expect to get $470 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$1,130,000 $638,000
9.71% 2.08%
7.01% -0.85%
10.04% 7.80%
$498 $470
43 601
2.29% 3.83%
71.8 59.89

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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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
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