North Ipswich vs Parramatta Park
Property investment comparison - North Ipswich, QLD 4305 vs Parramatta Park, QLD 4870
Head-to-head across core investment metrics: North Ipswich wins 1, 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 | North Ipswich | Parramatta Park |
|---|---|---|
| Median house price | $760K | $760K |
| Median unit price | - | $465K |
| Gross rental yield (houses) | 3.90% | 4.27% |
| Gross rental yield (units) | 3.70% | 5.62% |
| 1-year house growth | +12.6% | +15.8%estimate |
| 3-year house growth | +61.7% | - |
| Vacancy rate | -0.0% | 0.6% |
| Population | 4,527 | 3,621 |
North Ipswich vs Parramatta Park: what the numbers say
Houses cost about the same in both suburbs: the median house price is $760K in North Ipswich and $760K in Parramatta Park.
On cash flow, Parramatta Park leads: houses there return a gross rental yield of 4.27%, compared with 3.90% in North Ipswich, a gap of 0.37 percentage points.
Over the past year house prices moved +12.6% in North Ipswich and +15.8% in Parramatta Park (an estimate), so recent momentum favours Parramatta Park, although both suburbs recorded growth.
Rental vacancy is -0.0% in North Ipswich and 0.6% in Parramatta Park, so landlords in North Ipswich face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
North Ipswich is the bigger suburb, with a population of 4,527 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, Parramatta Park for recent price momentum, North Ipswich 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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