At number 799th in the list of Australian suburbs ordered by increase in median house value over the last year, Parramatta, 2150 is in the top 20% with a property value increase of 13.64% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Parramatta,2150 has racked up an average of 13.64% over the period. This ranks it number 2713th in the whole country for real estate investors looking at median house price increases.
Property investors should expect to get $470 weekly from the median priced house in this suburb.
Parramatta is in the bottom 40% 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 0.49%.
A -8.89% growth in median value for property investors in Parramatta,2150 puts this suburb at number 359th in terms of best performing suburbs in NSW
Property investors looking for a bargain in Parramatta should be aiming for at least -5.23% off the asking price, which is the average vendor discount being achieved at the moment.
Parramatta, 2150’s gross rental yield is 3.80%