At number 167th in the list of Australian suburbs ordered by increase in median house value over the last year, North Parramatta, 2151 is in the top 10% with a property value increase of 25.70% recorded in median house prices.
Comparing North Parramatta,2151 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
At number 109th of NSW’s most discounted properties, North Parramatta is in the bottom 10% of the state/territory when listing in order of most discounted to least.
A $510 per week rent on the median house gives suburb investors a gross yield of circa 2.04%, without taking into account capital value appreciation, which has been averaging out at 11.26%.
NSW has seen average median house prices change by 6.96% which means that North Parramatta, 2151 has done well for property investors by showing a capital gain of 7.02% over the last year
While North Parramatta,2151 ranked number 137th in NSW for increase in median house value (annualised) increase, it is ranked 182th over the last 5 years.
The most recent median price for North Parramatta is $610000, with sellers offering an average of -4.43% off the asking price.
In the last year 183 properties changed hands in North Parramatta, which puts it as the 72th most active market in NSW when comparing the number of sales per suburb.
Using the current median advertised rental of $440 and the average annual increase in value of a median property of 6.81%, investors should hope to achieve an overall return of 3.75%