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Parramatta, NSW 2150

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 Parramatta, NSW 2150 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 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

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 “Parramatta, NSW 2150”

  1. The total adult population (15 years or older) of Parramatta 2150 NSW is 25,293, with a median age of 32. Of those, 50.82% are married, 8.84% are divorced or separated, 38.27% are single and 2.07% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $9,256. The median monthly mortgage repayment for households in this suburb is $2,080 which is 22.47% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in NSW, Parramatta 2150 is a vibrant suburb boasting an estimated 18,302 households. Through a lens of real estate investment, this locale presents a series of noteworthy statistics to be analysed for potential prospects.

    As we dive into the Q3 statistics of 2023, the typical house price in Parramatta stands firmly at $1,338,768 with median weekly rents fetching $544. This rental price generates an indicative yield of 2.11%, slightly under the attractive market requirement of a 3% yield for cashflow-centred property investors.

    Amongst a socio-economic landscape, Parramatta displays a favourable IRSAD score of 1065 out of 1217. This figure highlights a high socio-economic status within the population, indicating access to robust economic resources and skilled professions.

    Furthermore, the specific ratios defining Parramatta’s real estate dynamics offer deeper insights. It is important to note that with a renter to owner ratio of 70%, and units to houses ratio at an elevated 91%, the market teems predominantly with rental properties and units. These statistics could pose the risk of lower returns and high competition due to a likely oversaturation of the rental market.

    Diving deeper into housing affordability, the ‘Years to Own’ metric—the time it takes to fully own a property based on current interest rates, median family income, and local property prices—soars at 57 years in Parramatta. This figure exceeds the standard 30-year duration and provides an important cue towards reduced affordability.

    The supply metrics present a mixed picture. The stock on market Percentage for houses holds at 0.55%, signifying a neutral supply environment. Meanwhile, the inventory level signals an average of 2.5 months of property supply in the market. Further, the building approvals Ratio clocks in at 5.82%, indicating possible increased supply influx of new dwellings.

    On the demand side, the ‘Days on Market’ average sits at a favourable 31 days, indicating a brisk sales turnover and high demand. Additionally, Parramatta’s combined vacancy rate for houses and units stamps at a mere 1.13%, suggesting high demand due to limited supply. However, the buy search index for houses shows a less sparkling image, with a score of 3 signalling neutral demand.

    While some metrics fall within the less favourable ranges, it’s crucial to remember that the overall investment picture also relies heavily on market trends, both micro and macro. Parramatta’s RCS (Relative Composite Score) as reflected by HtAG Analytics, can offer a more holistic view of real estate viability, using over 80 metrics.

    In conclusion, understanding and staying abreast of nuanced property market data for suburbs like Parramatta can prove instrumental in guiding meaningful real estate investment decisions. Always keeping a watchful eye on market developments is paramount to potential capital gains and positive cash flow success.

    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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