If you compare the increase in value of investment property in Harris Park, 2150 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this NSW suburb was -0.20%.
Harris Park,2150 has offered an average of -0.20% return per annum in house price rises to property investors over the last three years.
Property buyers and investors in Harris Park 2150 should be seeing an average reduction in asking price of around -8.34% . This means that Harris Park is holding prices well when compared to other suburbs in NSW.
At number 712 in a list of fastest selling suburbs, Harris Park is just in the top half of suburbs in Australia with an average of days on market 70.25 for properties listed there.
Situated 16.20km from the CBD, Harris Park is one of Parramatta localities in the postcode 2150.
Demand is already heating up in this suburb, with units typically spending just 28 days on the market, and a healthy vacancy rate of 2.13%, according to Real Estate Investar. The median price of units in Harris Park is also considerably cheaper than neighbours Parramatta ($520,000) and North Parramatta ($508,625).Full summary
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Harris Park: Underrated suburb with bright future
Parramatta may be on the minds of many investors, yet its neighbour Harris Park that also has a bright future. But let’s not kid ourselves. There are some top class amenities in Parramatta which residents of Harris Park love to take advantage of. Namely, the massive Westfield Shopping Centre, which is the fourth largest shopping centre in Australia.
Additionally, Harris Park has all the benefits of the Parramatta CBD, Parramatta Stadium and excellent transport options. The latter is only likely to get better in coming years as new transport infrastructure is put together including the WestConnex and the Badgerys Creek Airport.
In the suburb itself is a little shopping area on Marion St, plus it’s located very close to sought-after schools and universities. It is also a multicultural suburb that’s becoming especially popular with the Indian population.
Demand is already heating up in this suburb, with units typically spending just 28 days on the market, and a healthy vacancy rate of 2.13%, according to Real Estate Investar. The median price of units in Harris Park is also considerably cheaper than neighbours Parramatta ($520,000) and North Parramatta ($508,625).
There are many affordable units on Brisbane St, Alice St and Harris St which are within walking distance of railway stations, the Parramatta CBD and the Westfield Shopping Centre.
Most sought-after properties: Apartments
Most common properties: Apartments
Top amenities: Westfield Parramatta, Parramatta train station, Parramatta River, Westmead Public and Private Hospital, Cumberland Hospitals, Restaurants in Church street, Parramatta Park, Public and private school, Parramatta Swimming centre, Parramatta Stadium, University of Western Sydney, etc
Local industry and business: Major business and commercial centre. This is a large commercial and residential area and has been acknowledged at the administrative centre for the Greater Wester Sydney. Many government agencies based here and the headquarters for many businesses.
Public transport: Buses, Train and Ferry
Main arteries: Great Western Hwy, James Ruse Drive, M4 Western MwyClose