Property investors who have had real estate in North Parramatta, 2151 should be pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 32.01%
While North Parramatta,2151 ranked number 318th in NSW for increase in median house value (annualised) increase, it is ranked 11th over the last 5 years.
The most recent median price for North Parramatta is $1412500, with sellers offering an average of -7.08% off the asking price.
Property investors should expect to get $500 weekly from the median priced house in this suburb.
If you compare the increase in value of investment property in North Parramatta, 2151 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this NSW suburb was 13.26%.
The five-year average increase in median property values for North Parramatta,2151 has given property investors a potential capital gain of 55.24% across each of those five years.
Property investors looking for a bargain in North Parramatta should be aiming for at least -4.18% off the asking price, which is the average vendor discount being achieved at the moment.
At number 192 in a list of fastest selling suburbs, North Parramatta is just in the top half of suburbs in Australia with an average of days on market 42.45 for properties listed there.
Property investors should expect to get $450 weekly from the median priced house in this suburb.