At number 3378th in the list of Australian suburbs ordered by increase in median house value over the last year, Parramatta Park, 4870 is in the BOTTOM 20% with a property value increase of -2.39% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Parramatta Park,4870 has racked up an average of -2.39% over the period. This ranks it number 1936th in the whole country for real estate investors looking at median house price increases.
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.84% offered to property buyers. Sellers in Parramatta Park itself are offering an average vendor discount of -5.57% to real estate investors.
On average over the past year, suburb has had 3.25 sales per month, which equates to 39 per year.
QLD has seen average median house prices change by -0.06% which means that Parramatta Park, 4870 has not done well for property investors by showing a capital gain of -5.10% over the last year
Parramatta Park,4870 has offered an average of -5.10% return per annum in house price rises to property investors over the last three years.
Our latest figures would indicate that property sellers in Parramatta Park are currently offering property investors an average price cut of -8.84% below the asking price at the moment.
Using the current median advertised rental of $300 and the average annual increase in value of a median property of -1.87%, investors should hope to achieve an overall return of 6.71%