At number 1436th in the list of Australian suburbs ordered by increase in median house value over the last year, Parramatta Park, 4870 is in the top 40% with a property value increase of 8.62% recorded in median house prices.
A 21.15% growth in median value for property investors in Parramatta Park,4870 puts this suburb at number 560th in terms of best performing suburbs in QLD
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Parramatta Park, 4870. Typically our figures indicate that -5.20% is being offered, which puts this QLD suburb at 2361th most discounted overall in Australia.
At number 965 in a list of fastest selling suburbs, Parramatta Park is in the TOP 30% of suburbs in Australia with an average of days on market 59.66 for properties listed there.
A $360 per week rent on the median house gives suburb investors a gross yield of circa 3.96%, without taking into account capital value appreciation, which has been averaging out at 3.74%.
Parramatta Park, 4870 ranked 254th 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
Over the longer term, Parramatta Park has seen property prices show investors a 18.05% return over the last 3 years. This is worse than over the last 12 months
Property buyers and investors in Parramatta Park 4870 should be seeing an average reduction in asking price of around -9.85% . This means that Parramatta Park is holding prices well when compared to other suburbs in QLD.
Renters in Suburb are facing rents around $3720 per annum or $310 every week.