Property investors who have had real estate in North Parramatta, 2151 should be 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 26.93%
Taking the average capital gain, or increase in median house value, North Parramatta,2151 has racked up an average of 26.93% over the period. This ranks it number 35th in the whole country for real estate investors looking at median house price increases.
The most recent median price for North Parramatta is $1301000, with sellers offering an average of -8.39% off the asking price.
Property value increases in North Parramatta have tracked just higher than the NSW average of 7.74% over the last 12 months.
Comparing North Parramatta,2151 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.16% offered to property buyers. Sellers in North Parramatta itself are offering an average vendor discount of -4.02% to real estate investors.
Often selling an investment property can take time, and in North Parramatta the average time real estate has been on the market is 41.73 days.
A $440 per week rent on the median house gives suburb investors a gross yield of circa 3.73%, without taking into account capital value appreciation, which has been averaging out at 6.88%.