Investment property in Parramatta has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -10.43%
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.
Vendor discounting in Parramatta is giving property investors an average Vendor Discount of around -1.40%. This puts suburb at number 1221th in NSW when ranking the most discounted suburbs.
Parramatta, 2150’s gross rental yield is 2.42%
Over the last year, property investments in Parramatta, 2150 have given investors a capital gain of -4.38%. This compares very badly with the 5.73% for NSW as a whole.
The five-year average increase in median property values for Parramatta,2150 has given property investors a potential capital gain of 44.00% across each of those five years.
LACK OF BUYER INTEREST may well be the reason that Parramatta is offering property investors an average of -4.41. This rate of discount on properties puts Suburb at number 114th in terms of most discounted suburbs in NSW
Renters in Suburb are facing rents around $5640 per annum or $470 every week.