Suburb Profile Report for Parramatta NSW (2150)

Parramatta House: Median price $1,100,000, Annual capital growth 9.30%, Number of sales 38, Weekly median advertised rent $520

Parramatta Unit: Median price $600,000, Annual capital growth 6.20%, Number of sales 376, Weekly median advertised rent $480

House
Unit

Source: CoreLogic RP Data

Median price
Number of sales

Source: Monthly data update for Jan 2020 as supplied by CoreLogic. Data is reported to the period ending Oct 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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House Report
Unit Report

Property investors who have had real estate in Parramatta, 2150 should be pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 15.79%

Across a shorter period, Parramatta, 2150 has seen a median price increase of 12.82% over the last quarter.

Over the last year, property investments in Parramatta, 2150 have given investors a capital gain of -6.40%. This compares badly with the -3.67% for NSW as a whole.

A 6.19% growth in median value for property investors in Parramatta,2150 puts this suburb at number 381th in terms of best performing suburbs in NSW

At number 85th of NSW’s most discounted properties, Parramatta is in the bottom 30% of the state/territory when listing in order of most discounted to least.

Property investors should expect to get $480 weekly from the median priced house in this suburb.

Metrics	HOUSE	UNIT
Median price	$1,100,000	$600,000
Quarterly growth	12.82%	-2.44%
12-month growth	15.79%	-6.40%
Average Annual Growth	9.30%	6.20%
Weekly median advertised rent	$520	$480
Number of sales	38	376
Gross rental yield	2.46%	4.16%
Days on market	79.9166666666667	96.6443298969072

DSR Score for property investment : Below average (H), Balanced (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