Over the last year, property investments in North Parramatta, 2151 have given investors a capital gain of 15.91%. This compares very favourably with the 9.05% for NSW as a whole.
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.
Sellers are offering property buyers an average discount of -9.36% to buyers in North Parramatta at the moment, which is less than average for the rest of NSW.
The NSW suburb of North Parramatta, 2151 is in the Parramatta local government area.
North Parramatta is an average performer in NSW when comparing median price capital growth over the last year. North Parramatta gave property investors a average capital gain figure when compared to the rest of the state, with 4.08%.
North Parramatta,2151 was ranked 354 in Australia by increase in median property value over the quarter.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.26% offered to property buyers. Sellers in North Parramatta itself are offering an average vendor discount of -4.44% to real estate investors.
In the last year 188 properties changed hands in North Parramatta, which puts it as the 67th most active market in NSW when comparing the number of sales per suburb.
With the median price for a house in North Parramatta being $600000 and the advertised rent reaching $440 the gross rental yield for property investors calculates out to be 3.81%