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North Parramatta, NSW 2151
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,870,000
market range $1.8M-$2.0M
Median Unit
$700,000
market range $650K-$775K
Gross Yield (houses)
2.2%
1yr Growth (houses)
+5.2%
market range -5.0% to +22.5%
Investment snapshot for North Parramatta
North Parramatta has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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North Parramatta market and investor summary
In North Parramatta, NSW 2151, the median house sells for around $1.9M, on a gross rental yield of 2.2% for houses. House prices have moved +5.2% over the past year. At 0.8% vacancy, it is a tight rental market that favours landlords.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 2.2% will not cover holding costs in the early years, so the case leans on price appreciation.
Living in North Parramatta: people, income and schools
North Parramatta has a resident population of roughly 12,064, a number that has held fairly steady over five years. At a median age of 38, it reads as broadly working-age, with renters making up 54% of households.
The typical household income runs to around $89,000 a year (about $1,700 a week). On socio-economic measures it ranks among the most advantaged in the country (9 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 21.1 times local household income, so affordability is a genuine constraint on local buyers. Locally, around 32% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.
Families have 76 schools within roughly 5km to choose from, and they test well above the national school average on ICSEA, a draw for education-focused families. North Parramatta sits about 20 km from the CBD. Most day-to-day errands are doable on foot; the suburb scores 70 for walkability and 28 for transit out of 100. Fixed broadband is delivered over the NBN's Hybrid Fibre Coaxial (HFC).
- Population
- 12,064
- -0% over 5yr
- Median age
- 38 years
- Median household income
- $89,000/yr
- Households renting
- 54%
- Family households
- 61%
- Socio-economic rank
- 9/10
- ABS advantage index
- Schools within 5km
- 76
- avg ICSEA 1158
- Unemployment
- 3.4%
- Distance to CBD
- 20 km
- Walk score
- 70/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in North Parramatta
View all →Frequently asked questions about North Parramatta
What should I check before investing in North Parramatta?
North Parramatta has enough public data for first-pass screening across yield, vacancy, price and supply signals. Capital growth of +5.2% in the past year shows positive recent price momentum. Tight rental market (0.8% vacancy) gives landlords pricing power and low rental downtime. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in North Parramatta?
The median property price in North Parramatta, NSW 2151 is $1.9M for houses and $700K for units.
What rental yield does North Parramatta show?
The gross rental yield in North Parramatta is 2.2% for houses. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for North Parramatta?
House prices in North Parramatta are up 5.2% over the past year. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in North Parramatta?
The current vacancy rate in North Parramatta is 0.8%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in North Parramatta?
North Parramatta has a population of approximately 12,064 residents, with a median age of 38.
What schools are near North Parramatta?
There are 76 schools within roughly 5km of North Parramatta. Their average ICSEA sits well above the national mean of 1000, which points to a more advantaged school catchment. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is North Parramatta affordable to buy in?
A median house in North Parramatta costs about 21.1 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is North Parramatta's population growing?
The population of North Parramatta has held roughly flat over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is North Parramatta from the CBD?
North Parramatta is about 20 km from the CBD.
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