Telopea is a mid-sized suburb in New South Wales within the Parramatta local government area (postcode 2117). It is home to about 5,356 residents, with an established family demographic and a median age of 40. Households earn a median income of $76K 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, clerical & administrative, managers. Employment in the area leans toward healthcare and professional services. The top ancestries reported are Chinese, English, Australian.
Median house prices in Telopea sit at $2.0 million, little changed on a year ago. Units have a median price of $840,000 (+9.4% YoY). The current median weekly rent is $720. This gives a gross rental yield of approximately 1.9%. The median monthly mortgage repayment is $2,300.
Telopea is served by 1 school, including 1 primary. The average ICSEA score is 991, which is around the national average of 1,000. Public transport access includes 1 tram stop, 14 bus stops. The crime rate in the Parramatta LGA is below average at 3,255 incidents per 100,000 population.
On the investment side, Telopea shows a gross rental yield of approximately 1.9%, rated as low yield. Property prices are above the state median ($2.0M/$1.5M), placing it in the premium segment. The price-to-income ratio of 26.0x is considered stretched. House prices have moved +0.4% 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.