Parramatta has had a very poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of 3.73% to date .
When looking at the potential capital gains offered to property investors over the last 3 years, Parramatta comes in at number 1270th in NSW.
Residents and property investors in Parramatta have been waiting around 85.625 days to sell a property.
If you compare the increase in value of investment property in Parramatta, 2150 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -1.45%.
A -11.01% growth in median value for property investors in Parramatta,2150 puts this suburb at number 403th in terms of best performing suburbs in NSW
LACK OF BUYER INTEREST may well be the reason that Parramatta is offering property investors an average of -4.22. This rate of discount on properties puts Suburb at number 38th in terms of most discounted suburbs in NSW
With the median price for a house in Parramatta being $610000 and the advertised rent reaching $430 the gross rental yield for property investors calculates out to be 3.67%