Harris Park is a medium-sized suburb in New South Wales within the Parramatta local government area (postcode 2150). With a population of 5,043, the suburb has a young professional demographic with a median age of 31. Households earn a median income of $93K per year, with an average household size of 2.5 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.3% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, labourers, machinery operators & drivers. Employment in the area leans toward professional services and healthcare. The top ancestries reported are Indian, English, Chinese.
The median house price in Harris Park is $1.7 million, having climbed sharply by 23% over the past year. Units have a median price of $520,000 (+5.7% YoY). The current median weekly rent is $720. This gives a gross rental yield of approximately 2.2%. The median monthly mortgage repayment is $1,750.
Harris Park is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 1062, which is above the national average of 1,000. Public transport access includes 2 rail stations, 16 bus stops. The crime rate in the Parramatta LGA is below average at 3,255 incidents per 100,000 population.
On the investment side, Harris Park shows a gross rental yield of approximately 2.2%, rated as low yield. Property prices are near the state median ($1.7M/$1.5M). The price-to-income ratio of 18.4x is considered stretched. House prices have moved +23.0% year-on-year. Population growth of +1.3% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.