Suburb Profile Report for North Parramatta NSW (2151)

North Parramatta House: Median price $1,012,500, Annual capital growth 8.82%, Number of sales 40, Weekly median advertised rent $550

North Parramatta Unit: Median price $557,500, Annual capital growth 5.55%, Number of sales 116, Weekly median advertised rent $435

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

NSW has seen average median house prices change by -4.21% which means that North Parramatta, 2151 has not done well for property investors by showing a capital gain of -8.99% over the last year

While North Parramatta,2151 ranked number 1050th in NSW for increase in median house value (annualised) increase, it is ranked 842th over the last 5 years.

North Parramatta, 2151’s gross rental yield is 2.82%

With a capital gain of -3.71% for the last 12 months, North Parramatta, 2151 has performed for property investments than its average annual 5.55% property growth over the last 5 years.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in North Parramatta has increased when compared to the 5 year average annual rate.

Property buyers and investors in North Parramatta 2151 should be seeing an average reduction in asking price of around -7.15% . This means that North Parramatta is holding prices well when compared to other suburbs in NSW.

Residents and property investors in North Parramatta have been waiting around 66.6867 days to sell a property.

Advertised rents are around the $435 mark per week – giving a return of 4.06% based on the median price in Suburb

Metrics i HOUSE UNIT
$1,012,500 $557,500
-4.03% -0.45%
-8.99% -3.71%
8.82% 5.55%
$550 $435
40 116
2.82% 4.06%
88.6666666666667 66.6867469879518

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Balanced (H), Above average (U)
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Demographics
Total population 12593
Median household income ($/weekly) 1277
Median age of persons 33
Median housing loan repayment ($/monthly) 1961
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 1229 9.8
    25-34 years 2907 23.1
    35-44 years 1981 15.7
    45-54 years 1523 12.1
    55-64 years 1041 8.3
    Others 3913 31.1
    Age Group
    Census Count Percent(%)
    Not Married 4170 47.7
    Registered Married 3886 44.4
    Defacto Relationship 690 7.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 6207 53.3
    Croatia 706 6.1
    Indonesia 630 5.4
    Malaysia 295 2.5
    Other 1326 11.4
    Others 2473 21.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 398 3.6
    Christianity 6767 61.3
    Hinduism 621 5.6
    Islam 815 7.4
    No Religion 2093 19.0
    Others 342 3.1
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 412 9.8
    $1,250-$1,499 404 9.7
    $1,500-$1,999 546 13.0
    $2,000-$2,499 408 9.8
    $2,500-$2,999 371 8.9
    Others 2043 48.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 4078 41.9
    Not in the labour force 3641 37.4
    Employed, worked part-time 1307 13.4
    Unemployed, looking for work 367 3.8
    Employed, away from work 340 3.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 633 11.1
    Professionals 1642 28.7
    Technicians & trades workers 595 10.4
    Community & personal service workers 500 8.7
    Clerical & administrative workers 1095 19.1
    Others 1257 22.0
    Occupation
    Census Count Percent(%)
    Pre-school 170 5.9
    Infants/Primary 674 23.3
    Secondary 885 30.6
    Technical or Further Educational Institution 312 10.8
    University or other Tertiary Institutions 700 24.2
    Others 148 5.1
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 5705 53.0
    Separate house 3303 30.7
    Semi-detached, row or terrace house, townhouse 1750 16.3
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 2282 51.4
    Being purchased 1371 30.9
    Fully owned 726 16.4
    Other tenure type 58 1.3
    Tenure Type
Census 2011, ABS
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