Parma vs The Hill
Property investment comparison - Parma, NSW 2540 vs The Hill, NSW 2300
Head-to-head across core investment metrics: Parma wins 3, The Hill wins 2. 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 | Parma | The Hill |
|---|---|---|
| Median house price | $2.1M | $2.1M |
| Median unit price | $625K | $780K |
| Gross rental yield (houses) | 1.48% | 2.17% |
| Gross rental yield (units) | 4.64% | 4.11% |
| 1-year house growth | - | +6.7% |
| 3-year house growth | - | +5.6% |
| Vacancy rate | 2.3% | 1.9% |
| Population | 167 | 2,076 |
Parma vs The Hill: what the numbers say
The median house price is $2.1M in Parma and $2.1M in The Hill, so Parma is the cheaper entry point, with The Hill houses about 1% dearer.
For units, Parma sits at a median of $625K against $780K in The Hill, which makes Parma the more affordable unit market and The Hill the pricier one.
On cash flow, The Hill leads: houses there return a gross rental yield of 2.17%, compared with 1.48% in Parma, a gap of 0.69 percentage points.
Rental vacancy is 1.9% in The Hill and 2.3% in Parma, so landlords in The Hill face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
The Hill is the bigger suburb, with a population of 2,076 against 167, roughly 12 times the size of Parma; a larger suburb usually means a deeper pool of buyers and tenants.
In short: The Hill for rental income, Parma for a lower purchase price, The Hill for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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