If you compare the increase in value of investment property in Parramatta, 2150 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was -27.85%.
Comparing Parramatta,2150 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
Property investors looking for a bargain in Parramatta should be aiming for at least -1.70% off the asking price, which is the average vendor discount being achieved at the moment.
With the median price for a house in Parramatta being $939750 and the advertised rent reaching $510 the gross rental yield for property investors calculates out to be 2.82%
At number 1144th in the list of Australian suburbs ordered by increase in median house value over the last year, Parramatta, 2150 is in the BOTTOM 40% with a property value increase of -3.03% recorded in median house prices.
Taking the average capital gain, or increase in median house value, Parramatta,2150 has racked up an average of -3.03% over the period. This ranks it number 1266th in the whole country for real estate investors looking at median house price increases.
Parramatta, 2150 is offering NSW ‘s 144th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this NSW.
Residents and property investors in Parramatta have been waiting around 87.33 days to sell a property.
Parramatta, 2150’s gross rental yield is 3.94%