Parramatta is in the bottom 30% in NSW when comparing median price capital growth over the last year. Parramatta gave property investors a disappointing capital gain figure when compared to the rest of the state, with 4.10%.
The five-year average increase in median property values for Parramatta,2150 has given property investors a potential capital gain of 21.72% across each of those five years.
At number 2790 in a list of fastest selling suburbs, Parramatta is in the bottom 30% of suburbs in Australia with an average of days on market 81.1875 for properties listed there.
With the median price for a house in Parramatta being $1205000 and the advertised rent reaching $472.5 the gross rental yield for property investors calculates out to be 2.04%
At number 1264th in the list of Australian suburbs ordered by increase in median house value over the last year, Parramatta, 2150 is in the BOTTOM 30% with a property value increase of -2.26% recorded in median house prices.
Over the longer term, Parramatta has seen property prices show investors a -8.33% return over the last 3 years. This is an improvement over the last 12 months
Sellers are offering property buyers an average discount of -5.90% to buyers in Parramatta at the moment, which is less than average for the rest of NSW.
Advertised rents are around the $440 mark per week – giving a return of 3.78% based on the median price in Suburb