All About Harris Park, Parramatta , NSW 2150

Harris Park Real Estate Market Outlook

Thinking about buying in Harris Park? Now could not be a better time, with 3418 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $984,000 with prices in this suburb ranging from $57,000 to $19,667,000. The aproximate distance to the coast is 18 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 Harris Park 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 Harris Park 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

Harris Park, a vibrant suburb in the Parramatta region of New South Wales, is becoming an increasingly attractive spot for homebuyers and investors alike. The housing market in Harris Park has shown resilience and growth, reflective of broader trends seen in the Greater Sydney area. Known for its rich multicultural ambiance, the suburb offers a variety of housing options, including charming period homes, modern apartments, and new developments. This diversity not only caters to families and young professionals but also to investors looking for rental opportunities. Accessibility plays a significant role in the market's appeal, with the Harris Park Railway Station providing easy access to Parramatta CBD and Sydney's central business district. Over recent years, the market has experienced steady demand, driven by its strategic location and relative affordability compared to neighboring suburbs, making it a compelling option for both buyers and renters.

Living in Harris Park offers a unique blend of tradition and modernity, reflecting its diverse community and rich cultural tapestry. The suburb is particularly known for its vibrant Indian community, replete with a plethora of Indian restaurants, grocery stores, and cultural events, which imbue the area with a lively and welcoming atmosphere. Residents enjoy close proximity to Parramatta's wide array of amenities, including shopping centers, parks, and educational institutions. The suburb maintains a family-friendly environment with numerous parks and schools, while still catering to young professionals due to its proximity to major transportation hubs. Despite its growth and urban development, Harris Park retains a community-focused charm, making it a desirable location for those seeking a balance between urban convenience and a sense of community.

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