At number 120th in the list of Australian suburbs ordered by increase in median house value over the last year, Parramatta, 2150 is in the top 10% with a property value increase of 21.31% recorded in median house prices.
Parramatta,2150 has offered an average of 21.31% return per annum in house price rises to property investors over the last three years.
Parramatta, 2150’s gross rental yield is 2.46%
Giving property investors a an unimpressive capital gain of -6.25% for the last year, Parramatta, 2150 is the 1089th highest performer in Australia in this respect.
Taking the average capital gain, or increase in median house value, Parramatta,2150 has racked up an average of -6.25% over the period. This ranks it number 1130th in the whole country for real estate investors looking at median house price increases.
Vendor discounting in Parramatta is giving property investors an average Vendor Discount of around -7.65%. This puts suburb at number 91th in NSW when ranking the most discounted suburbs.
In the last year 390 properties changed hands in Parramatta, which puts it as the 2nd most active market in NSW when comparing the number of sales per suburb.
With the median price for a house in Parramatta being $600000 and the advertised rent reaching $480 the gross rental yield for property investors calculates out to be 4.16%