NSW has seen average median house prices change by 10.25% which means that Parramatta, 2150 has done well for property investors by showing a capital gain of 26.09% over the last year
Parramatta,2150 has offered an average of 26.09% return per annum in house price rises to property investors over the last three years.
The most recent median price for Parramatta is $1300000, with sellers offering an average of -12.65% off the asking price.
At number 2945 in a list of fastest selling suburbs, Parramatta is in the bottom 30% of suburbs in Australia with an average of days on market 101.4 for properties listed there.
Parramatta, 2150’s gross rental yield is 2.08%
NSW has seen average median house prices change by 6.98% which means that Parramatta, 2150 has done well for property investors by showing a capital gain of 1.87% over the last year
While Parramatta,2150 ranked number 384th in NSW for increase in median house value (annualised) increase, it is ranked 302th over the last 5 years.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.44% offered to property buyers. Sellers in Parramatta itself are offering an average vendor discount of -5.52% to real estate investors.
At number 702 in a list of fastest selling suburbs, Parramatta is just in the top half of suburbs in Australia with an average of days on market 68.08 for properties listed there.
Using the current median advertised rental of $480 and the average annual increase in value of a median property of 7.01%, investors should hope to achieve an overall return of 3.81%