Suburb Profile Report for Parramatta NSW (2150)

Parramatta House: Median price $1,202,500, Annual capital growth 9.08%, Number of sales 32, Weekly median advertised rent $490

Parramatta Unit: Median price $615,000, Annual capital growth 5.42%, Number of sales 437, Weekly median advertised rent $460

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

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

  • House Report
  • Unit Report

Parramatta has had a A very good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 24.87% to date .

When looking at the potential capital gains offered to property investors over the last 3 years, Parramatta comes in at number 652th in NSW.

The NSW suburb of Parramatta, 2150 is in the Parramatta (C) local government area.

Property investors who have had real estate in Parramatta, 2150 should be relatively unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -0.81%

Comparing Parramatta,2150 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period

Property buyers and investors in Parramatta 2150 should be seeing an average reduction in asking price of around -5.46% . This means that Parramatta is holding prices well when compared to other suburbs in NSW.

A $460 per week rent on the median house gives suburb investors a gross yield of circa 3.89%, without taking into account capital value appreciation, which has been averaging out at 5.42%.

Metrics i HOUSE UNIT
$1,202,500 $615,000
1.91% -0.13%
24.87% -0.81%
9.08% 5.42%
$490 $460
32 437
2.12% 3.89%
N/A 74.4090909090909

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

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