Investment property in Parramatta has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 8.14%
If we look at median property appreciation over just the last three months, Parramatta has given property investors a paper return of 2.01%. This puts Suburb as 200 on a list of fastest fasting appreciating suburbs in NSW
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 -4.00% is being offered, which puts this NSW suburb at 1195th most discounted overall in Australia.
At number 3741 in a list of fastest selling suburbs, Parramatta is in the bottom 30% of suburbs in Australia with an average of days on market 59.7746 for properties listed there.
Situated 19.34km from the CBD, Parramatta is one of Parramatta (C) localities in the postcode 2150.
Over the last year, property investments in Parramatta, 2150 have given investors a capital gain of 21.60%. This compares very favourably with the 9.41% for NSW as a whole.
Over the longer term, Parramatta has seen property prices show investors a 25.62% return over the last 3 years. This is worse than over the last 12 months
The most recent median price for Parramatta is $616000, with sellers offering an average of 0.00% off the asking price.
In the last year 545 properties changed hands in Parramatta, which puts it as the 7th most active market in NSW when comparing the number of sales per suburb.
Situated 19.44km from the CBD, Parramatta is one of Parramatta (C) localities in the postcode 2150.