Parramatta Park vs Shelly Beach
Property investment comparison - Parramatta Park, QLD 4870 vs Shelly Beach, QLD 4810
Head-to-head across core investment metrics: Parramatta Park wins 2, Shelly Beach 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 | Parramatta Park | Shelly Beach |
|---|---|---|
| Median house price | $760K | $755K |
| Median unit price | $465K | $450K |
| Gross rental yield (houses) | 4.27% | 3.87% |
| Gross rental yield (units) | 5.62% | 6.68% |
| 1-year house growth | +15.8%estimate | - |
| 3-year house growth | - | - |
| Vacancy rate | 0.6% | 1.4% |
| Population | 3,621 | 925 |
Parramatta Park vs Shelly Beach: what the numbers say
The median house price is $760K in Parramatta Park and $755K in Shelly Beach, so Shelly Beach is the cheaper entry point, with Parramatta Park houses about 1% dearer.
For units, Parramatta Park sits at a median of $465K against $450K in Shelly Beach, which makes Shelly Beach the more affordable unit market and Parramatta Park the pricier one.
On cash flow, Parramatta Park leads: houses there return a gross rental yield of 4.27%, compared with 3.87% in Shelly Beach, a gap of 0.40 percentage points.
Rental vacancy is 0.6% in Parramatta Park and 1.4% in Shelly Beach, 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.
Parramatta Park is the bigger suburb, with a population of 3,621 against 925, roughly 3.9 times the size of Shelly Beach; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Parramatta Park for rental income, Shelly Beach for a lower purchase price, 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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