Suburb Profile Report for North Parramatta NSW (2151)

North Parramatta House: Median price $1,301,000, Annual capital growth 11.16%, Number of sales 40, Weekly median advertised rent $500

North Parramatta Unit: Median price $613,500, Annual capital growth 6.88%, Number of sales 171, Weekly median advertised rent $440

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

Source: CoreLogic

  • House Report
  • Unit Report

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%.

Metrics i HOUSE UNIT
$1,301,000 $613,500
13.13% 4.43%
26.93% 9.36%
11.16% 6.88%
$500 $440
40 171
2.00% 3.73%
110.3 41.73

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (H)
Find a mortgage broker in North Parramatta NSW
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
Chart Table
Recent sales & rentals