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.