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Parramatta, NSW 2150
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,580,000
market range $1.5M-$1.9M
Median Unit
$620,000
market range $600K-$675K
Gross Yield (houses)
2.4%
1yr Growth (houses)
-0.6%
market range -15.0% to +7.5%
Investment snapshot for Parramatta
Parramatta has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Parramatta market and investor summary
In Parramatta, NSW 2150, the median house sells for around $1.6M, on a gross rental yield of 2.4% for houses. House prices have moved -0.6% over the past year. At 1.4% 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 2.4% will not cover holding costs in the early years, so the case leans on price appreciation. Rental demand looks steady, with vacancy at 1.4% and a resident base that is not shrinking. Houses also take time to sell, around 87 days on market, so plan for a slower exit if you ever need one.
Living in Parramatta: people, income and schools
Parramatta has a resident population of roughly 30,211, and the area has been growing steadily, up about 6% over five years. At a median age of 32, it reads as broadly working-age, with renters making up 70% of households. A renter base that size keeps demand for well-priced rentals fairly consistent, though rents do most of the work on the return.
The typical household income runs to around $109,000 a year (about $2,090 a week). On socio-economic measures it ranks comfortably above the national middle (8 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 14.5 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 33% over five years, which tends to underpin what local buyers can pay.
Families have 84 schools within roughly 5km to choose from, testing a little above the national school average on ICSEA. Parramatta sits about 20 km from the CBD. Most day-to-day errands are doable on foot; the suburb scores 82 for walkability and 96 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Basement (vectored or non-vectored).
- Population
- 30,211
- +6% over 5yr
- Median age
- 32 years
- Median household income
- $109,000/yr
- Households renting
- 70%
- Family households
- 64%
- Socio-economic rank
- 8/10
- ABS advantage index
- Schools within 5km
- 84
- avg ICSEA 1027
- Unemployment
- 3.3%
- Distance to CBD
- 20 km
- Walk score
- 82/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Parramatta
View all →Frequently asked questions about Parramatta
What should I check before investing in Parramatta?
Parramatta has enough public data for first-pass screening across yield, vacancy, price and supply signals. Solid unit gross rental yield of 5.7%, giving a stronger rent-to-price starting point than many suburbs. Tight rental market (1.4% 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 Parramatta?
The median property price in Parramatta, NSW 2150 is $1.6M for houses and $620K for units.
What rental yield does Parramatta show?
The gross rental yield in Parramatta is 2.4% for houses and 5.7% for units. 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 Parramatta?
House prices in Parramatta are down 0.6% 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 Parramatta?
The current vacancy rate in Parramatta is 1.4%. 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 Parramatta?
Parramatta has a population of approximately 30,211 residents, with a median age of 32.
What schools are near Parramatta?
There are 84 schools within roughly 5km of Parramatta. Their average ICSEA is a little above the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Parramatta affordable to buy in?
A median house in Parramatta costs about 14.5 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 Parramatta's population growing?
The population of Parramatta has grown about 6% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Parramatta from the CBD?
Parramatta is about 20 km from the CBD.
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