Caravonica vs Parramatta Park
Property investment comparison - Caravonica, QLD 4878 vs Parramatta Park, QLD 4870
Head-to-head across core investment metrics: Caravonica wins 1, Parramatta Park wins 1. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Caravonica | Parramatta Park |
|---|---|---|
| Median house price | $760K | $760K |
| Median unit price | - | $465K |
| Gross rental yield (houses) | - | 4.27% |
| Gross rental yield (units) | - | 5.62% |
| 1-year house growth | +9.8%estimate | +15.8%estimate |
| 3-year house growth | - | - |
| Vacancy rate | 0.5% | 0.6% |
| Population | 2,183 | 3,621 |
Caravonica vs Parramatta Park: what the numbers say
Houses cost about the same in both suburbs: the median house price is $760K in Caravonica and $760K in Parramatta Park.
Over the past year house prices moved +9.8% in Caravonica (an estimate) and +15.8% in Parramatta Park (an estimate), so recent momentum favours Parramatta Park, although both suburbs recorded growth.
Rental vacancy is 0.5% in Caravonica and 0.6% in Parramatta Park, so landlords in Caravonica face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Parramatta Park is the bigger suburb, with a population of 3,621 against 2,183, larger than Caravonica; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Parramatta Park for recent price momentum, Caravonica for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
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Parramatta Park, QLD 4870
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