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Parramatta Suburb Insights
VICLocation Information
Suburb Name
Parramatta, VIC
Distance from CBD
17.3 kmDemographics
Population
25,798
Median Income
$39,260
Area Information
Area
5.26 km²
Population Density
4905 people/km²
Property Market
Median Price
$770,871
Annual Growth
+6.3%Property Price Trend Analysis
Current Median Price
$770,871
Annual Growth
+6.3%
Quarterly Growth
+2.9%
Price Trends - Last 6 Months
2024-01
$419,071
+4.8%2024-02
$1,007,766
+8.6%2024-03
$784,430
+7.5%2024-04
$607,757
+13.4%2024-05
$693,158
+17.4%2024-06
$722,438
+10.7%Property Type Price Analysis
House
Median Price
$963,857
Growth Rate
+9.2%Available Listings
308 properties
Apartment
Median Price
$416,886
Growth Rate
+8.5%Available Listings
411 properties
Townhouse
Median Price
$538,012
Growth Rate
+14.2%Available Listings
241 properties
Investment Potential Assessment
Investment Advantages
- Strong quarterly growth momentum
- Diverse property types available
Considerations
- Rising prices may affect affordability
- Monitor interest rate changes
- Consider long-term investment strategy