City of Parramatta Council, NSW

The City of Parramatta Council is a local government jurisdiction situated in the Greater Western Sydney region, roughly 25 kilometres west of CBD. The LGA’s property market is particularly popular with investors due to the strong rental returns on offer.

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Parramatta central business area is a major employment hub for the Greater Western Sydney region. The economy is based largely on services, government, and commerce. Some major industries in the area include information technology, pharmaceuticals, advanced manufacturing, and logistics. The area is also home to a number of major shopping centres and is a popular destination for tourists.

Professionals account for 31.7 % of employment in Parramatta, followed by clerical and administrative workers at 15.4 %, managers at 12.7 %, technicians and trades workers at 10.3 %, and sales workers at 8.4 %. The typical weekly personal income for Parramatta residents aged 15 years and older is $722.

The unemployment rate in Parramatta is lower than the national average. The cost of living is also higher than the national average.

In Parramatta LGA, 45.7 % of occupied private residences are detached houses, 15.2 % are semi-detached, row or terrace houses, townhouses, or other dwellings, 38.4 % are flats or apartments, and 0.3 % are other dwellings.

The Parramatta property market is currently experiencing high levels of demand from buyers, which is resulting in strong price growth. However, there is also strong demand from owner-occupiers, particularly for apartments and townhouses. The market is expected to continue to perform well in the coming years.

The main factors contributing to this demand are the strong population growth in the area, the improving economy and the limited supply of properties for sale.

Discover the latest trends for Parramatta suburbs with the help of interactive dashboard on this page.

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Capital Growth Heatmap

Property Market Snapshot

This page provides an overview of the LGA real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this council area. You are able to drill down to suburb-level data and charts which visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy

2BR

3BR

4BR

5BR

Typical Price for houses in this council area. Percent changes indicate Year on Year growth or decline in house values. Council area house prices are calculated by averaging Typical Price of all suburbs within the area. Typical Price is a more accurate metric than Median Price.

Rent

2BR

3BR

4BR

5BR

Median Weekly Rent for houses in this council area. Percent changes indicate Year on Year growth or decline in rental prices. Calculated via median value formula applied to rental prices from online listings.

Yield

2BR

3BR

4BR

5BR

Yearly Gross Yield for houses in this council area. Calculated by multiplying the Median Rent by 52 and dividing the resulting value by Typical Price. Percent changes indicate Year on Year growth or decline in Gross Yield for houses.

Buy

1BR

2BR

3BR

Typical Price for units in this council area. Percent changes indicate Year on Year growth or decline in unit values. Council area house prices are calculated by averaging Typical Price of all suburbs within the area. Typical Price is a more accurate metric than Median Price.

Rent

1BR

2BR

3BR

Median Weekly Rent for units in this council area. Percent changes indicate Year on Year growth or decline in rental prices. Calculated via median value formula applied to rental prices from online listings.

Yield

1BR

2BR

3BR

Yearly Gross Yield for units in this council area. Calculated by multiplying the Median Rent by 52 and dividing the resulting value by Typical Price. Percent changes indicate Year on Year growth or decline in Gross Yield for units.

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Upgrade to Personal Plan to see Yield data.
Yield chart
Upgrade to Starter Plan to see Demand Profile data.
Demand chart
Upgrade to Professional Plan to see Buy & Rent Search Index data.
Index chart

How to use this Dashboard

This interactive dashboard illustrates the trends for key real estate metrics in the area. Use these metrics to determine potential return on investment from this property market and its’ sub-markets.

Upgrade to Personal Plan to unlock the trend forecast section on the Price, Rent & Yield graphs.

Get the Professional Subscription to see trends for advanced property market metrics that indicate real estate demand and supply in this LGA.

Upgrade to Professional Plan to see Growth Rate Cycle data.
GRC chart

Property Market in City of Parramatta Council, NSW

What other property markets are there near City of Parramatta Council, NSW?

City of Parramatta Council is surrounded by 7 other council areas – Cumberland, Hornsby, Canada Bay, The Hills Shire, Ryde, Blacktown, Strathfield.

Suburbs/localities in this Local Government Area: Constitution Hill 2145, Dundas 2117, Dundas Valley 2117, Eastwood 2122, Epping 2121, Ermington 2115, Granville 2142, Harris Park 2150, Holroyd 2142, Lidcombe 2141, Melrose Park 2114, Newington 2127, North Parramatta 2151, North Rocks 2151, Northmead 2152, Oatlands 2117, Old Toongabbie 2146, Parramatta 2150, Pendle Hill 2145, Rosehill 2142, Rydalmere 2116, Silverwater 2128, Telopea 2117, Toongabbie 2146, Wentworthville 2145, Westmead 2145, Winston Hills 2153, Sydney Olympic Park 2127, Wentworth Point 2127, Camellia 2142, Carlingford 2118, Clyde 2142

1 thought on “City of Parramatta Council, NSW”

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