Leichhardt vs Parramatta Park
Property investment comparison - Leichhardt, QLD 4305 vs Parramatta Park, QLD 4870
Head-to-head across core investment metrics: Leichhardt wins 2, Parramatta Park wins 3. 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 | Leichhardt | Parramatta Park |
|---|---|---|
| Median house price | $755K | $760K |
| Median unit price | - | $465K |
| Gross rental yield (houses) | 3.70% | 4.27% |
| Gross rental yield (units) | 3.85% | 5.62% |
| 1-year house growth | +17.1% | +15.8%estimate |
| 3-year house growth | +79.6% | - |
| Vacancy rate | 0.8% | 0.6% |
| Population | 4,471 | 3,621 |
Leichhardt vs Parramatta Park: what the numbers say
The median house price is $755K in Leichhardt and $760K in Parramatta Park, so Leichhardt is the cheaper entry point, with Parramatta Park houses about 1% dearer.
On cash flow, Parramatta Park leads: houses there return a gross rental yield of 4.27%, compared with 3.70% in Leichhardt, a gap of 0.57 percentage points.
Over the past year house prices moved +17.1% in Leichhardt and +15.8% in Parramatta Park (an estimate), so recent momentum favours Leichhardt, although both suburbs recorded growth.
Rental vacancy is 0.6% in Parramatta Park and 0.8% in Leichhardt, so landlords in Parramatta Park face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Leichhardt is the bigger suburb, with a population of 4,471 against 3,621, larger than Parramatta Park; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Parramatta Park for rental income, Leichhardt for a lower purchase price, Leichhardt for recent price momentum, Parramatta Park 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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