Suburb Profile Report for Parramatta Park QLD (4870)

Parramatta Park House: Median price $471,250, Annual capital growth 3.44%, Number of sales 21, Weekly median advertised rent $370

Parramatta Park Unit: Median price $243,250, Annual capital growth -0.60%, Number of sales 32, Weekly median advertised rent $313

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

Source: CoreLogic

  • House Report
  • Unit Report

Parramatta Park, 4870 ranked 96th in QLD when comparing growth in median property values or capital gain over the last 12 months. Parramatta Park is one of 2415 in our list for QLD

Comparing Parramatta Park,4870 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

Parramatta Park, 4870 is offering QLD ‘s 502th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this QLD.

In the last year 21 properties changed hands in Parramatta Park, which puts it as the 679th most active market in QLD when comparing the number of sales per suburb.

With the median price for a house in Parramatta Park being $471250 and the advertised rent reaching $370 the gross rental yield for property investors calculates out to be 4.08%

If you compare the increase in value of investment property in Parramatta Park, 4870 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was -1.52%.

A 10.57% growth in median value for property investors in Parramatta Park,4870 puts this suburb at number 278th in terms of best performing suburbs in QLD

LACK OF BUYER INTEREST may well be the reason that Parramatta Park is offering property investors an average of -5.97. This rate of discount on properties puts Suburb at number 51th in terms of most discounted suburbs in QLD

Property investors should expect to get $312.5 weekly from the median priced house in this suburb.

HOUSE UNIT
$471,250 $243,250
2.89% -2.45%
11.94% -1.52%
3.44% -0.60%
$370 $313
21 32
4.08% 6.68%
67.53 80.33

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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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
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