Giving property investors a a poor capital gain of -29.72% for the last year, Parramatta, 2150 is the 4371th highest performer in Australia in this respect.
Across a shorter period, Parramatta, 2150 has seen a median price increase of -20.67% over the last quarter.
Parramatta, 2150 is offering NSW ‘s 1279th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this NSW.
Residents and property investors in Parramatta have been waiting around 28 days to sell a property.
A $505 per week rent on the median house gives suburb investors a gross yield of circa 2.94%, without taking into account capital value appreciation, which has been averaging out at 8.35%.
If you compare the increase in value of investment property in Parramatta, 2150 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -3.63%.
Parramatta,2150 was ranked 935 in Australia by increase in median property value over the quarter.
Property buyers and investors in Parramatta 2150 should be seeing an average reduction in asking price of around -7.65% . This means that Parramatta is holding prices well when compared to other suburbs in NSW.
Often selling an investment property can take time, and in Parramatta the average time real estate has been on the market is 90.75 days.
The NSW suburb of Parramatta, 2150 is in the Parramatta (C) local government area.