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%.