Suburb Profile Report for North Parramatta NSW (2151)

North Parramatta House: Median price $1,110,000, Annual capital growth 9.34%, Number of sales 46, Weekly median advertised rent $520

North Parramatta Unit: Median price $573,000, Annual capital growth 6.25%, Number of sales 193, Weekly median advertised rent $440

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

Source: CoreLogic

  • House Report
  • Unit Report

Giving property investors a a stable capital gain of 9.58% for the last year, North Parramatta, 2151 is the 1137th highest performer in Australia in this respect.

Over the longer term, North Parramatta has seen property prices show investors a 66.92% return over the last 3 years. This is worse than over the last 12 months

Our latest figures would indicate that property sellers in North Parramatta are currently offering property investors an average price cut of -4.46% below the asking price at the moment.

In the last year 46 properties changed hands in North Parramatta, which puts it as the 697th most active market in NSW when comparing the number of sales per suburb.

Advertised rents are around the $520 mark per week – giving a return of 2.44% based on the median price in Suburb

North Parramatta is in the bottom 30% in NSW when comparing median price capital growth over the last year. North Parramatta gave property investors a disappointing capital gain figure when compared to the rest of the state, with -1.21%.

Taking the average capital gain, or increase in median house value, North Parramatta,2151 has racked up an average of -1.21% over the period. This ranks it number 230th in the whole country for real estate investors looking at median house price increases.

Our latest figures would indicate that property sellers in North Parramatta are currently offering property investors an average price cut of -4.87% below the asking price at the moment.

In the last year 193 properties changed hands in North Parramatta, which puts it as the 60th most active market in NSW when comparing the number of sales per suburb.

Property investors should expect to get $440 weekly from the median priced house in this suburb.

HOUSE UNIT
$1,110,000 $573,000
6.22% 2.32%
9.58% -1.21%
9.34% 6.25%
$520 $440
46 193
2.44% 3.99%
76 49.32

Source: CoreLogic

DSR Score for property investment : Good (U), Good (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