Suburb Profile Report for Parramatta NSW (2150)

Parramatta House: Median price $1,250,000, Annual capital growth 9.90%, Number of sales 26, Weekly median advertised rent $470

Parramatta Unit: Median price $615,000, Annual capital growth 5.05%, Number of sales 411, Weekly median advertised rent $450

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for Feb 2021 as supplied by CoreLogic. Data is reported to the period ending Nov 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

At number 799th in the list of Australian suburbs ordered by increase in median house value over the last year, Parramatta, 2150 is in the top 20% with a property value increase of 13.64% recorded in median house prices.

Taking the average capital gain, or increase in median house value, Parramatta,2150 has racked up an average of 13.64% over the period. This ranks it number 2713th in the whole country for real estate investors looking at median house price increases.

Property investors should expect to get $470 weekly from the median priced house in this suburb.

Parramatta is in the bottom 40% in NSW when comparing median price capital growth over the last year. Parramatta gave property investors a disappointing capital gain figure when compared to the rest of the state, with 0.49%.

A -8.89% growth in median value for property investors in Parramatta,2150 puts this suburb at number 359th in terms of best performing suburbs in NSW

Property investors looking for a bargain in Parramatta should be aiming for at least -5.23% off the asking price, which is the average vendor discount being achieved at the moment.

Parramatta, 2150’s gross rental yield is 3.80%

Metrics i HOUSE UNIT
$1,250,000 $615,000
0.00% -0.10%
13.64% 0.49%
9.90% 5.05%
$470 $450
26 411
1.96% 3.80%
N/A 69.0505617977528

Source: Monthly data update for Feb 2021 as supplied by CoreLogic. Data is reported to the period ending Nov 2020. Please note that property sales data is routinely updated, so may change retrospectively.

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
    Dwelling Structure
    Census Count Percent(%)
    Rented 4389 62.9
    Being purchased 1685 24.2
    Fully owned 870 12.5
    Other tenure type 29 0.4
    Tenure Type
Census 2011, ABS
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