Suburb Profile Report for Parramatta NSW (2150)

Parramatta House: Median price $1,275,000, Annual capital growth 11.71%, Number of sales 45, Weekly median advertised rent $510

Parramatta Unit: Median price $660,000, Annual capital growth 7.17%, Number of sales 706, Weekly median advertised rent $480

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Parramatta, 2150 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 24.39%.

If we look at median property appreciation over just the last three months, Parramatta has given property investors a paper return of 5.15%. This puts Suburb as 249 on a list of fastest fasting appreciating suburbs in NSW

Vendor discounting in Parramatta is giving property investors an average Vendor Discount of around -12.65%. This puts suburb at number 20th in NSW when ranking the most discounted suburbs.

Often selling an investment property can take time, and in Parramatta the average time real estate has been on the market is 112.21 days.

Parramatta, 2150’s gross rental yield is 2.08%

If you compare the increase in value of investment property in Parramatta, 2150 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this NSW suburb was 3.45%.

Taking the average capital gain, or increase in median house value, Parramatta,2150 has racked up an average of 3.45% over the period. This ranks it number 905th in the whole country for real estate investors looking at median house price increases.

Our latest figures would indicate that property sellers in Parramatta are currently offering property investors an average price cut of -5.66% below the asking price at the moment.

Metrics i HOUSE UNIT
$1,275,000 $660,000
5.15% 0.30%
24.39% 3.45%
11.71% 7.17%
$510 $480
45 706
2.08% 3.78%
112.21 65.92

Source: CoreLogic

DSR Score for property investment : Balanced (H), Above average (U)
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Demographics
Total population 19744
Median household income ($/weekly) 1314
Median age of persons 30
Median housing loan repayment ($/monthly) 1950
Average household size 2.4
  • Census Count Percent(%)
    0-4 years 1427 7.2
    20-24 years 2024 10.3
    25-34 years 6902 35.0
    35-44 years 2790 14.1
    45-54 years 1807 9.2
    Others 4795 24.3
    Age Group
    Census Count Percent(%)
    Registered Married 7110 49.1
    Not Married 6484 44.7
    Defacto Relationship 896 6.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 5428 30.2
    Croatia 2909 16.2
    Indonesia 4241 23.6
    Lebanon 370 2.1
    Other 1877 10.5
    Others 3133 17.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 1097 6.3
    Christianity 6344 36.2
    Hinduism 3976 22.7
    Islam 1328 7.6
    No Religion 4082 23.3
    Others 702 4.0
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 605 9.2
    $1,000-$1,249 734 11.1
    $1,250-$1,499 713 10.8
    $1,500-$1,999 1029 15.6
    $2,000-$2,499 631 9.5
    Others 2898 43.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 7084 46.0
    Not in the labour force 4570 29.7
    Employed, worked part-time 2414 15.7
    Unemployed, looking for work 890 5.8
    Employed, away from work 452 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 909 9.1
    Professionals 2939 29.5
    Technicians & trades workers 1064 10.7
    Clerical & administrative workers 1698 17.1
    Sales 870 8.7
    Others 2472 24.8
    Occupation
    Census Count Percent(%)
    Infants/Primary 845 19.3
    Secondary 615 14.0
    Technical or Further Educational Institution 590 13.5
    University or other Tertiary Institutions 1704 38.9
    Other type of educational institution 408 9.3
    Others 220 5.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 12916 75.2
    Separate house 3023 17.6
    Semi-detached, row or terrace house, townhouse 1232 7.2
    House or flat attached to a shop, office 3 0.0
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 4389 62.9
    Being purchased 1685 24.2
    Fully owned 870 12.5
    Other tenure type 29 0.4
    Tenure Type
Census 2011, ABS
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