Median price · 7 years
Rolling 12-month median, all dwellings
$750,000+5.2% past 12 months
2020202120222023202420252026
Parramatta
Strong outlook Growth score 72 Top 23% of sample
Risk score 25 Low · lower is better
Stability score 88 Consistent over 10 years
What drives the growth score
Nine metrics, each benchmarked against every suburb nationally. Weighted sum equals the score.
Sales momentum18% Strong · 74
Listing scarcity15% Moderate · 54
Rental demand14% Strong · 81
Days on market12% Weak · 44
Infrastructure investment11% Strong · 99
Jobs access10% Strong · 84
Population growth8% Strong · 74
Income growth7% Moderate · 63
New supply pressure5% · negative Low · 32
Key metrics vs benchmarks
NSW column is the sample-state average; national is the whole sample.
| Metric | Parramatta | NSW | National |
|---|---|---|---|
| Median price | $750,000 | $875,000 | $734,203 |
| 12-month growth | +5.2% | +7.3% | +8.4% |
| Gross rental yield | 3.8% | 3.3% | 4.0% |
| Vacancy rate | 1.3% | 1.3% | 1.3% |
| Days on market | 53 | 36 | 31 |
| Auction clearance | 70% | 67% | 62% |
| New supply pipeline | Low | Moderate | Moderate |
Risk score components
Lower is safer. Components are read independently; the score is their weighted blend.
25Low risk
New supply pipelineApproved dwellings vs existing stock Low · 32
Employment concentrationShare of jobs in the top two industries Low · 35
Price volatility, 5 yearsLargest peak-to-trough drawdown Low · 18
Vacancy pressureCurrent vacancy vs 2% threshold Low · 23
Hazard exposureFlood, bushfire and storm surge overlays Low · 10
Who lives here
ABS Census, latest release, aggregated to suburb
30,100population 32median age 38%owner-occupied 62%renting
Owner-occupiedRenting
Parramatta is Sydney's emerging second CBD, driven by massive infrastructure investment including the Parramatta Light Rail (Stage 1 operational), Sydney Metro West, and the $840M Powerhouse Parramatta museum. As one of Australia's most culturally diverse suburbs with a median age of 32, Parramatta attracts strong demand from professionals and families.
On the ground
Committed projects and catalysts feeding the infrastructure and jobs metrics
- Parramatta Light Rail Stage 1 operational
- Sydney Metro West station (opening 2030)
- Powerhouse Parramatta museum ($840M)
- Parramatta Square commercial precinct ($2.7B)
Compare this suburb against three others.
Shortlist up to four suburbs and read every metric side by side.
Open the comparison