Suburb Profile Report for Parramatta Park QLD (4870)

Parramatta Park House: Median price $472,500, Annual capital growth 3.74%, Number of sales 28, Weekly median advertised rent $360

Parramatta Park Unit: Median price $242,000, Annual capital growth -1.32%, Number of sales 37, Weekly median advertised rent $310

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

Source: CoreLogic

  • House Report
  • Unit Report

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.

Metrics i HOUSE UNIT
$472,500 $242,000
-0.26% -0.82%
8.62% -3.20%
3.74% -1.32%
$360 $310
28 37
3.96% 6.66%
59.66 95.89

Source: CoreLogic

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