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North Parramatta, NSW 2151

Home » NSW Real Estate Data » City of Parramatta Council, NSW » North Parramatta, NSW 2151

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for North Parramatta, NSW 2151 located in Sydney to help you make an informed decision about your property choice in this suburb.





Market Snapshot

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

Buy 

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Rent 

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Yield 

2BR

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4BR

5BR

Buy 

1BR

2BR

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Rent 

1BR

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Yield 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “North Parramatta, NSW 2151”

  1. The total adult population (15 years or older) of North Parramatta 2151 NSW is 9,996, with a median age of 38. Of those, 43.93% are married, 14.07% are divorced or separated, 37.72% are single and 4.34% are widowed.

    The average household size is 2.3 people per dwelling, and the median household monthly income is estimated to be $8,800. The median monthly mortgage repayment for households in this suburb is $2,054 which is 23.34% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in NSW, the suburb of North Parramatta 2151 has an estimated 6063 households making it a vibrant residential area. As a snapshot of the property market here in Q3 2023, the typical price for houses stands at approximately $1,493,780 while the median weekly rent is priced at $605. This translates to an indicative yield of 2.11%, a figure that might need some consideration as it falls short of the minimum attractive market requirement for cash flow-centred property investors.

    Taking a closer look at the area’s socio-economic indicators, North Parramatta boasts an IRSAD score of 1028 out of a possible 1217, presenting a higher socio-economic status of the population in the area. However, potential investors might exhibit caution with the renter to owner ratio sitting at a high 70% and the units to houses ratio at 76%, both indicators signalling potential oversaturation in the rental market and consequent competition for landlords.

    Concerning affordability, the index for houses stretches to 66 years in North Parramatta. This figure is above the typical 30-year mortgage assumption and indicates a decreased property affordability in the area.

    Examining the supply and demand metrics, the stock on the market percentage and inventory level for houses are both low, clocking in at 0.07% and 0.27 months respectively. Combined with a lean building approvals ratio for houses at 0.9%, these figures could potentially denote a favourable market condition with a limited supply.

    Demand is underlined with a mere 31 days on the market for houses and a low combined vacancy rate of 0.59% for houses and units, both of them highlighting high demand. Finally, the buy search index for houses at 4 suggests neutral demand.

    Overall, while North Parramatta 2151 shows promise with several favourable supply and demand metrics, investors must thoughtfully consider the area’s socio-economic factors, affordability, and yield. Also, tracking the trend of these metrics is crucial for informed decision making in real estate. In situations like these, tools like HtAG Analytics’ RCS metric can help by automating research using over 80 different metrics.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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