Property investors who have had real estate in North Parramatta, 2151 should be relatively pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 6.62%
While North Parramatta,2151 ranked number 264th in NSW for increase in median house value (annualised) increase, it is ranked 106th over the last 5 years.
Sellers are offering property buyers an average discount of -4.84% to buyers in North Parramatta at the moment, which is less than average for the rest of NSW.
Renters in Suburb are facing rents around $6240 per annum or $520 every week.
Investment property in North Parramatta has done pretty 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 -2.31%
The five-year average increase in median property values for North Parramatta,2151 has given property investors a potential capital gain of 53.85% across each of those five years.
At number 159th of NSW’s most discounted properties, North Parramatta is in the bottom 40% of the state/territory when listing in order of most discounted to least.
Advertised rents are around the $440 mark per week – giving a return of 4.01% based on the median price in Suburb