North Parramatta is a well-established suburb in New South Wales within the Parramatta local government area (postcode 2151). With a population of 12,064, the suburb has an established demographic with a median age of 38. Households earn a median income of $89K per year, with an average household size of 2.3 people. The most common occupations are professionals, clerical & administrative, managers. The top ancestries reported are English, Australian, Chinese.
The median house price in North Parramatta is $2.5 million, having surged 45.1% over the past year. Units have a median price of $693,000 (+3.6% YoY). The current median weekly rent is $670. This gives a gross rental yield of approximately 1.4%. The median monthly mortgage repayment is $2,054.
North Parramatta is served by 6 schools, including 3 primary, 3 combined. The average ICSEA score is 1134, which is well above the national average of 1,000. Public transport access includes 2 tram stops, 69 bus stops. The crime rate in the Parramatta LGA is below average at 3,186 incidents per 100,000 population.
From an investment perspective, North Parramatta offers a gross rental yield of 1.4%, rated as low yield. Property prices are above the state median ($2.5M/$1.5M), placing it in the premium segment. The price-to-income ratio of 27.9x is considered stretched. House prices have moved +45.1% year-on-year.
North Parramatta is a well-established suburb in New South Wales within the Parramatta local government area (postcode 2151). With a population of 12,064, the suburb has an established demographic with a median age of 38. Households earn a median income of $89K per year, with an average household size of 2.3 people. The most common occupations are professionals, clerical & administrative, managers. The top ancestries reported are English, Australian, Chinese.
The median house price in North Parramatta is $2.5 million, having surged 45.1% over the past year. Units have a median price of $693,000 (+3.6% YoY). The current median weekly rent is $670. This gives a gross rental yield of approximately 1.4%. The median monthly mortgage repayment is $2,054.
North Parramatta is served by 6 schools, including 3 primary, 3 combined. The average ICSEA score is 1134, which is well above the national average of 1,000. Public transport access includes 2 tram stops, 69 bus stops. The crime rate in the Parramatta LGA is below average at 3,186 incidents per 100,000 population.
From an investment perspective, North Parramatta offers a gross rental yield of 1.4%, rated as low yield. Property prices are above the state median ($2.5M/$1.5M), placing it in the premium segment. The price-to-income ratio of 27.9x is considered stretched. House prices have moved +45.1% year-on-year.