Parramatta NSW 2150
Parramatta is in Parramatta LGA, NSW, postcode 2150, with population 30,211.
Strong evidence
Parramatta has enough direct local evidence for a first-pass decision.
Direct signals include Property prices, Market rent, Crime, and Schools. Missing or weaker areas are still shown so the page does not overstate precision.
Weekly rent screens at about 50% of annual income. Postcode-derived rent for 2150. Multiple suburbs can share this rental market signal.
Open matching rent ranking →2,480 latest-year approvals in Parramatta, +0.0% YoY; population +1.3% YoY (1.4% 5yr).
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QuickProperty mixes release files, Census baselines, and matched local services on this page. Read the status panel before treating every metric as equally fresh.
Manual release files parsed into suburb prices
Use current rent as a starting signal, not as a fixed underwriting truth.
Schools, transport, and hospitals are useful as presence signals, but they still have different source cadences.
Income-stretched rent market
Weekly rent screens at about 50% of annual income. Snapshot rent $650/wk.
Postcode-derived rent for 2150. Multiple suburbs can share this rental market signal.
Parramatta has enough direct local evidence for a first-pass decision.
Direct signals include Property prices, Market rent, Crime, and Schools. Missing or weaker areas are still shown so the page does not overstate precision.
Use compare to test the suburb against another candidate, then validate financial assumptions in the calculator where available.
Property prices, Market rent, Crime, Schools
No fallback or lower-precision signals flagged.
Hospitals
Parramatta currently reads as a livability-led candidate.
Population scale is large enough to avoid reading this as a tiny locality only. School coverage gives the page a stronger family/livability signal. Gross yield looks low for an income-first use case.
Compare it against a contrasting suburb before turning it into a decision.
Population scale is large enough to avoid reading this as a tiny locality only. School coverage gives the page a stronger family/livability signal. Transport coverage adds a practical access signal.
Gross yield looks low for an income-first use case.
No decisive evidence gap was detected from the current inputs.
Compare-ready
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- Investors want to know whether rent, yield, and affordability broadly support the suburb story.
- Researchers want one place that ties property, demographics, transport, and services together.
Price history
Full data detail
Parramatta NSW
Parramatta is a large suburb in New South Wales within the Parramatta local government area (postcode 2150). With a population of 30,211, the suburb has a mix of young professionals and families with a median age of 32. Households earn a median income of $109K per year, with an average household size of 2.4 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.3% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, clerical & administrative, managers. Employment in the area leans toward professional services and healthcare. The top ancestries reported are Indian, Chinese, English.
The median house price in Parramatta is $1.1 million, having dropped significantly 35.5% over the past year. Units have a median price of $3.5 million. The current median weekly rent is $650. This gives a gross rental yield of approximately 3.0%. The median monthly mortgage repayment is $2,080.
Parramatta is served by 9 schools, including 5 primary, 4 secondary. The average ICSEA score is 1089, which is above the national average of 1,000. Public transport access includes 7 rail stations, 5 tram stops, 1 ferry wharf, 61 bus stops. The crime rate in the Parramatta LGA is below average at 3,255 incidents per 100,000 population.
From an investment perspective, Parramatta offers a gross rental yield of 3.0%, rated as moderate yield. Property prices are near the state median ($1.1M/$1.5M). The price-to-income ratio of 10.3x is considered stretched. House prices have moved -35.5% year-on-year. Population growth of +1.3% year-on-year indicates stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.
Parramatta is a large suburb in New South Wales within the Parramatta local government area (postcode 2150). With a population of 30,211, the suburb has a mix of young professionals and families with a median age of 32. Households earn a median income of $109K per year, with an average household size of 2.4 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.3% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, clerical & administrative, managers. Employment in the area leans toward professional services and healthcare. The top ancestries reported are Indian, Chinese, English.
The median house price in Parramatta is $1.1 million, having dropped significantly 35.5% over the past year. Units have a median price of $3.5 million. The current median weekly rent is $650. This gives a gross rental yield of approximately 3.0%. The median monthly mortgage repayment is $2,080.
Parramatta is served by 9 schools, including 5 primary, 4 secondary. The average ICSEA score is 1089, which is above the national average of 1,000. Public transport access includes 7 rail stations, 5 tram stops, 1 ferry wharf, 61 bus stops. The crime rate in the Parramatta LGA is below average at 3,255 incidents per 100,000 population.
From an investment perspective, Parramatta offers a gross rental yield of 3.0%, rated as moderate yield. Property prices are near the state median ($1.1M/$1.5M). The price-to-income ratio of 10.3x is considered stretched. House prices have moved -35.5% year-on-year. Population growth of +1.3% year-on-year indicates stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.
Parramatta FAQ
Common questions-
What LGA is Parramatta in?
Parramatta is in the Parramatta Local Government Area, NSW, postcode 2150. Council-level context for Parramatta LGA (suburb mix, population, rent, and price coverage) is available on the QuickProperty LGA page.
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What is the median house price in Parramatta?
The current median house price in Parramatta, NSW is $1.1M, based on the latest available sales data from state Valuers General offices and ABS Data by Region.
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What is the typical weekly rent in Parramatta?
The median weekly rent in Parramatta is $650/wk, based on the current market rent dataset. The current rent signal is income-stretched rent market.
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What does the rent signal say about Parramatta?
Income-stretched rent market: Weekly rent screens at about 50% of annual income. Use this as a suburb screening signal before comparing candidates or modelling a purchase; the matching rent ranking can provide broader market context.
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Is Parramatta a good investment?
QuickProperty's investment signals for Parramatta show: Moderate Yield, Near Median, Stretched. These are computed from price, rent, income, and population data — not an opaque score.
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Where does QuickProperty get its data for Parramatta?
Property prices come from state Valuers General offices and ABS Data by Region. Demographics are from ABS Census 2021. School ICSEA scores are from ACARA. Crime statistics are from state police agencies. Transport data is sourced from GTFS feeds.
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How often is the Parramatta data updated?
Property prices update quarterly. RBA macro indicators update with each deploy. Demographics are from Census 2021. School ICSEA scores are from ACARA 2025.