Suburb Profile Report for Parramatta Park QLD (4870)

Parramatta Park House: Median price $450,000, Annual capital growth 1.76%, Number of sales 39, Weekly median advertised rent $385

Parramatta Park Unit: Median price $232,500, Annual capital growth -1.87%, Number of sales 48, Weekly median advertised rent $300

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

Source: CoreLogic

  • House Report
  • Unit Report

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%

Metrics i HOUSE UNIT
$450,000 $232,500
-5.01% -3.53%
-2.39% -5.10%
1.76% -1.87%
$385 $300
39 48
4.45% 6.71%
60.41 87.64

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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