All About Parramatta, NSW, 2150

Parramatta is a suburb of Sydney, located in Greater Western Sydney, New South Wales. It is a major commercial centre of the region and is the administrative seat of its eponymous local government area, the City of Parramatta. The suburb takes its name from the River Parramatta, which runs directly through the centre of the region. A major administrative centre for the whole of Sydney, several state and federal governmental departments are based in Parramatta. Parramatta is full of shops and restaurants, along with a large central business district of its own and several churches and places of worship, including St John’s Cathedral, which was built in 1802 and gives the street on which it is located, Church Street, its name.

An extension of the bustling central business district of Sydney, Parramatta is an exciting suburb full of business and commerce. As the second largest business district in Sydney, Parramatta plays host to many events and celebrations, religious, cultural and otherwise, throughout the year. Interspersed throughout the metropolitan jungle of Parramatta are a number of parks and green spaces, as well as the beautiful banks of the eponymous river that cuts through its heart. Parramatta is an exhilarating, sought-after place full of culture and opportunity, and a wonderful place to own property.

Parramatta Real Estate Market Outlook

Thinking about buying in Parramatta? Now could not be a better time, with 26588 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $4,463,000 with prices in this suburb ranging from $33,000 to $268,087,000. The aproximate distance to the coast is 17 Km.

Good balance between supply and demand ensures a range of affordable options within budget limits. Recent increases in listings may provide buying opportunities. Low average incomes in Parramatta is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. The high percentage of professional people in Parramatta classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.

Instant Property Valuation

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Public Transport

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General Points of Interest

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Nearby Suburbs

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