Suburb Profile Report for North Parramatta NSW (2151)

North Parramatta House: Median price $1,114,070, Annual capital growth 9.68%, Number of sales 42, Weekly median advertised rent $520

North Parramatta Unit: Median price $576,500, Annual capital growth 6.04%, Number of sales 203, Weekly median advertised rent $440

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

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in North Parramatta, 2151 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 12.08%.

North Parramatta,2151 was ranked 863 in Australia by increase in median property value over the quarter.

North Parramatta2151 is located in NSW which offers an average discount of -5.49% to property investors. North Parramatta itself is showing figures that indicate -6.49% is the average achievable by property buyers investing in the suburb.

At number 1373 in a list of fastest selling suburbs, North Parramatta is in the TOP 40% of suburbs in Australia with an average of days on market 69.66 for properties listed there.

Renters in Suburb are facing rents around $6240 per annum or $520 every week.

At number 1214th in the list of Australian suburbs ordered by increase in median house value over the last year, North Parramatta, 2151 is in the BOTTOM 40% with a property value increase of -1.46% 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 North Parramatta has increased when compared to the 5 year average annual rate.

Property buyers and investors in North Parramatta 2151 should be seeing an average reduction in asking price of around -4.85% . This means that North Parramatta is holding prices well when compared to other suburbs in NSW.

The NSW suburb of North Parramatta, 2151 is in the Parramatta local government area.

Metrics i HOUSE UNIT
$1,114,070 $576,500
4.12% 2.58%
12.08% -1.46%
9.68% 6.04%
$520 $440
42 203
2.43% 3.97%
69.66 50.79

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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Demographics
Total population 12593
Median household income ($/weekly) 1277
Median age of persons 33
Median housing loan repayment ($/monthly) 1961
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 1229 9.8
    25-34 years 2907 23.1
    35-44 years 1981 15.7
    45-54 years 1523 12.1
    55-64 years 1041 8.3
    Others 3913 31.1
    Age Group
    Census Count Percent(%)
    Not Married 4170 47.7
    Registered Married 3886 44.4
    Defacto Relationship 690 7.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 6207 53.3
    Croatia 706 6.1
    Indonesia 630 5.4
    Malaysia 295 2.5
    Other 1326 11.4
    Others 2473 21.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 398 3.6
    Christianity 6767 61.3
    Hinduism 621 5.6
    Islam 815 7.4
    No Religion 2093 19.0
    Others 342 3.1
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 412 9.8
    $1,250-$1,499 404 9.7
    $1,500-$1,999 546 13.0
    $2,000-$2,499 408 9.8
    $2,500-$2,999 371 8.9
    Others 2043 48.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 4078 41.9
    Not in the labour force 3641 37.4
    Employed, worked part-time 1307 13.4
    Unemployed, looking for work 367 3.8
    Employed, away from work 340 3.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 633 11.1
    Professionals 1642 28.7
    Technicians & trades workers 595 10.4
    Community & personal service workers 500 8.7
    Clerical & administrative workers 1095 19.1
    Others 1257 22.0
    Occupation
    Census Count Percent(%)
    Pre-school 170 5.9
    Infants/Primary 674 23.3
    Secondary 885 30.6
    Technical or Further Educational Institution 312 10.8
    University or other Tertiary Institutions 700 24.2
    Others 148 5.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 5705 53.0
    Separate house 3303 30.7
    Semi-detached, row or terrace house, townhouse 1750 16.3
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 2282 51.4
    Being purchased 1371 30.9
    Fully owned 726 16.4
    Other tenure type 58 1.3
    Tenure Type
Census 2011, ABS
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