Suburb Profile Report for Parramatta Park QLD (4870)

Parramatta Park House: Median price $458,000, Annual capital growth 3.70%, Number of sales 24, Weekly median advertised rent $373

Parramatta Park Unit: Median price $249,350, Annual capital growth 0.95%, Number of sales 30, Weekly median advertised rent $310

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 285th in the list of Australian suburbs ordered by increase in median house value over the last year, Parramatta Park, 4870 is in the top 10% with a property value increase of 19.74% recorded in median house prices.

While Parramatta Park,4870 ranked number 91th in QLD for increase in median house value (annualised) increase, it is ranked 360th over the last 5 years.

Property investors looking for a bargain in Parramatta Park should be aiming for at least -6.24% off the asking price, which is the average vendor discount being achieved at the moment.

QLD has seen average median house prices change by 1.23% which means that Parramatta Park, 4870 has done well for property investors by showing a capital gain of 1.88% over the last year

When looking at the potential capital gains offered to property investors over the last 3 years, Parramatta Park comes in at number 68th in QLD.

Parramatta Park, 4870 is offering QLD ‘s 37th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this QLD.

Renters in Suburb are facing rents around $3720 per annum or $310 every week.

HOUSE UNIT
$458,000 $249,350
4.81% -1.19%
19.74% 1.88%
3.70% 0.95%
$373 $310
24 30
4.23% 6.46%
64.45 90.72

Source: CoreLogic

DSR Score for property investment : Balanced (U), Above average (H)
Find a mortgage broker in Parramatta Park QLD
Demographics
Total population 3226
Median household income ($/weekly) 879
Median age of persons 33
Median housing loan repayment ($/monthly) 1634
Average household size 1.9
  • Census Count Percent(%)
    20-24 years 331 10.3
    25-34 years 770 23.9
    35-44 years 496 15.4
    45-54 years 377 11.7
    55-64 years 329 10.2
    Others 923 28.6
    Age Group
    Census Count Percent(%)
    Not Married 1251 64.4
    Registered Married 424 21.8
    Defacto Relationship 267 13.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 1612 64.6
    South Korea 122 4.9
    Papua New Guinea 91 3.6
    United Kingdom 107 4.3
    Other 172 6.9
    Others 390 15.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 106 4.5
    Christianity 1361 57.9
    Hinduism 37 1.6
    Other Religious Groups 45 1.9
    No Religion 776 33.0
    Others 24 1.0
    Religious Affiliation
  • Census Count Percent(%)
    $300-$399 115 11.1
    $400-$599 114 11.0
    $600-$799 116 11.2
    $800-$999 120 11.5
    $1,000-$1,249 107 10.3
    Others 468 45.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 862 38.7
    Not in the labour force 712 32.0
    Employed, worked part-time 411 18.5
    Unemployed, looking for work 168 7.6
    Employed, away from work 72 3.2
    Person Characteristics
  • Census Count Percent(%)
    Professionals 281 20.9
    Technicians & trades workers 196 14.6
    Community & personal service workers 257 19.1
    Sales 131 9.7
    Labourers 152 11.3
    Others 329 24.4
    Occupation
    Census Count Percent(%)
    Infants/Primary 84 16.2
    Secondary 197 37.9
    Technical or Further Educational Institution 92 17.7
    University or other Tertiary Institutions 85 16.3
    Other type of educational institution 45 8.7
    Others 17 3.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 1082 48.1
    Separate house 996 44.3
    Semi-detached, row or terrace house, townhouse 138 6.1
    House or flat attached to a shop, office 28 1.2
    Caravan, cabin, houseboat 6 0.3
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 738 67.3
    Being purchased 200 18.2
    Fully owned 148 13.5
    Other tenure type 10 0.9
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals