At number 116th in the list of Australian suburbs ordered by increase in median house value over the last year, Parramatta, 2150 is in the top 10% with a property value increase of 30.82% recorded in median house prices.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Parramatta has increased when compared to the 5 year average annual rate.
The most recent median price for Parramatta is $1250000, with sellers offering an average of -7.75% off the asking price.
Residents and property investors in Parramatta have been waiting around 118.8 days to sell a property.
Parramatta, 2150’s gross rental yield is 2.08%
If you compare the increase in value of investment property in Parramatta, 2150 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this NSW suburb was 2.64%.
When looking at the potential capital gains offered to property investors over the last 3 years, Parramatta comes in at number 422th in NSW.
Vendor discounting in Parramatta is giving property investors an average Vendor Discount of around -5.52%. This puts suburb at number 76th in NSW when ranking the most discounted suburbs.
In the last year 713 properties changed hands in Parramatta, which puts it as the 1st most active market in NSW when comparing the number of sales per suburb.
The NSW suburb of Parramatta, 2150 is in the Parramatta local government area.