Parramatta is a large suburb in New South Wales within the Parramatta local government area (postcode 2150). With a population of 30,211, the suburb has a mix of young professionals and families with a median age of 32. Households earn a median income of $109K per year, with an average household size of 2.4 people. The most common occupations are professionals, clerical & administrative, managers. The top ancestries reported are Indian, Chinese, English.
The median house price in Parramatta is $1.1 million, having dropped significantly 35.5% over the past year. Units have a median price of $608,000 (-1.7% YoY). The current median weekly rent is $680. This gives a gross rental yield of approximately 3.1%. The median monthly mortgage repayment is $2,080.
Parramatta is served by 9 schools, including 5 primary, 4 secondary. The average ICSEA score is 1089, which is above the national average of 1,000. Public transport access includes 7 rail stations, 5 tram stops, 1 ferry wharf, 61 bus stops. The crime rate in the Parramatta LGA is below average at 3,186 incidents per 100,000 population.
From an investment perspective, Parramatta offers a gross rental yield of 3.1%, rated as moderate yield. Property prices are near the state median ($1.1M/$1.5M). The price-to-income ratio of 10.3x is considered stretched. House prices have moved -35.5% year-on-year.
Parramatta is a large suburb in New South Wales within the Parramatta local government area (postcode 2150). With a population of 30,211, the suburb has a mix of young professionals and families with a median age of 32. Households earn a median income of $109K per year, with an average household size of 2.4 people. The most common occupations are professionals, clerical & administrative, managers. The top ancestries reported are Indian, Chinese, English.
The median house price in Parramatta is $1.1 million, having dropped significantly 35.5% over the past year. Units have a median price of $608,000 (-1.7% YoY). The current median weekly rent is $680. This gives a gross rental yield of approximately 3.1%. The median monthly mortgage repayment is $2,080.
Parramatta is served by 9 schools, including 5 primary, 4 secondary. The average ICSEA score is 1089, which is above the national average of 1,000. Public transport access includes 7 rail stations, 5 tram stops, 1 ferry wharf, 61 bus stops. The crime rate in the Parramatta LGA is below average at 3,186 incidents per 100,000 population.
From an investment perspective, Parramatta offers a gross rental yield of 3.1%, rated as moderate yield. Property prices are near the state median ($1.1M/$1.5M). The price-to-income ratio of 10.3x is considered stretched. House prices have moved -35.5% year-on-year.