All About North Parramatta, Parramatta , NSW 2151

North Parramatta Real Estate Market Outlook

Thinking about buying in North Parramatta? Now could not be a better time, with 7749 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,136,000 with prices in this suburb ranging from $79,000 to $47,527,000. 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. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine North Parramatta due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The high percentage of professional people in North 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. High density population in North Parramatta requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. 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

North Parramatta, located within the vibrant city of Parramatta, NSW, is known for its unique blend of historical charm and modern convenience, making it an attractive area in Sydney's dynamic housing market. Over the past few years, the suburb has experienced notable growth, driven by increased demand for affordable yet conveniently located residences close to Sydney's central business district. The housing market in North Parramatta offers a diverse range of options, from charming older homes and heritage-listed properties to contemporary apartments and new developments, catering to various preferences and budgets. Proximity to key amenities, such as schools, parks, and public transportation, further enhances its appeal, leading to steady interest from both first-time homebuyers and investors seeking long-term value.

Living in North Parramatta presents a unique lifestyle that melds the tranquility of suburban life with the pulse of urban living. The area is dotted with green spaces, including the expansive Parramatta Park, which offers residents plenty of opportunities for outdoor activities and leisure. The community is tight-knit and diverse, reflecting a mix of cultural backgrounds that enriches the social fabric of the suburb. Convenience is a key aspect of life here, with a range of shops, cafes, and restaurants providing all the essentials and more within easy reach. Furthermore, North Parramatta's excellent connectivity to major transport routes and public transit services allows residents to commute effortlessly to Sydney's CBD and other parts of the city, making it a practical and attractive place to call home.

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