Parramatta, 2150 ranked 809th in NSW when comparing growth in median property values or capital gain over the last 12 months. Parramatta is one of 3163 in our list for NSW
Parramatta,2150 was ranked 3620 in Australia by increase in median property value over the quarter.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Parramatta, 2150. Typically our figures indicate that -15.55% is being offered, which puts this NSW suburb at 41th most discounted overall in Australia.
Advertised rents are around the $520 mark per week – giving a return of 2.26% based on the median price in Suburb
If you compare the increase in value of investment property in Parramatta, 2150 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -3.01%.
The five-year average increase in median property values for Parramatta,2150 has given property investors a potential capital gain of 34.38% across each of those five years.
State is the 5th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.96% offered to property buyers. Sellers in Parramatta itself are offering an average vendor discount of -5.98% to real estate investors.
The NSW suburb of Parramatta, 2150 is in the Parramatta local government area.