Harris Park is in the bottom 10% in NSW when comparing median price capital growth over the last year. Harris Park gave property investors a dismal capital gain figure when compared to the rest of the state, with -6.20%.
A -22.25% growth in median value for property investors in Harris Park,2150 puts this suburb at number 289th in terms of best performing suburbs in NSW
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 Harris Park, 2150. Typically our figures indicate that -5.72% is being offered, which puts this NSW suburb at 198th most discounted overall in Australia.
Residents and property investors in Harris Park have been waiting around 76.8333 days to sell a property.
With the median price for a house in Harris Park being $438500 and the advertised rent reaching $350 the gross rental yield for property investors calculates out to be 4.15%
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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 Mwy