Suburb Profile Report for Parramatta Park QLD (4870)

Parramatta Park House: Median price $473,750, Annual capital growth 3.36%, Number of sales 22, Weekly median advertised rent $373

Parramatta Park Unit: Median price $242,500, Annual capital growth -1.10%, Number of sales 35, Weekly median advertised rent $305

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

Source: CoreLogic

  • House Report
  • Unit Report

QLD has seen average median house prices change by 2.06% which means that Parramatta Park, 4870 has done well for property investors by showing a capital gain of 10.17% over the last year

While Parramatta Park,4870 ranked number 607th in QLD for increase in median house value (annualised) increase, it is ranked 70th over the last 5 years.

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 -4.31% is being offered, which puts this QLD suburb at 3049th most discounted overall in Australia.

At number 937 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 61.15 for properties listed there.

A $372.5 per week rent on the median house gives suburb investors a gross yield of circa 4.09%, without taking into account capital value appreciation, which has been averaging out at 3.36%.

Over the last year, property investments in Parramatta Park, 4870 have given investors a capital gain of -1.82%. This compares badly with the 0.98% for QLD as a whole.

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

Parramatta Park4870 is located in QLD which offers an average discount of -6.14% to property investors. Parramatta Park itself is showing figures that indicate -8.75% is the average achievable by property buyers investing in the suburb.

At number 770 in a list of fastest selling suburbs, Parramatta Park is just in the bottom half of suburbs in Australia with an average of days on market 79.82 for properties listed there.

Situated 1386.78km from the CBD, Parramatta Park is one of Cairns localities in the postcode 4870.

Metrics i HOUSE UNIT
$473,750 $242,500
-0.84% -0.61%
10.17% -1.82%
3.36% -1.10%
$373 $305
22 35
4.09% 6.54%
61.15 79.82

Source: CoreLogic

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