Suburb Profile Report for Parramatta NSW (2150)

Parramatta House: Median price $987,500, Annual capital growth 9.16%, Number of sales 37, Weekly median advertised rent $480

Parramatta Unit: Median price $590,000, Annual capital growth 6.83%, Number of sales 416, Weekly median advertised rent $460

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

Source: CoreLogic

  • House Report
  • Unit Report

Parramatta has had a very poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -10.23% to date .

Parramatta,2150 has offered an average of -10.23% return per annum in house price rises to property investors over the last three years.

At number 1166th of NSW’s most discounted properties, Parramatta is in the TOP 10% of the state/territory when listing in order of most discounted to least.

At number 2648 in a list of fastest selling suburbs, Parramatta is in the bottom 30% of suburbs in Australia with an average of days on market 100.1 for properties listed there.

Parramatta has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of 2.30% to date .

Over the longer term, Parramatta has seen property prices show investors a 24.21% return over the last 3 years. This is worse than over the last 12 months

The most recent median price for Parramatta is $590000, with sellers offering an average of -5.27% off the asking price.

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

HOUSE UNIT
$987,500 $590,000
-14.13% -0.51%
-10.23% 2.30%
9.16% 6.83%
$480 $460
37 416
2.53% 4.05%
100.1 54.71

Source: CoreLogic

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