Question 1

Is North Parramatta a nice place to live?

Accepted Answer

North Parramatta sits on the northern bank of the Parramatta River beside Parramatta Park and the CBD, with tree-lined streets where Victorian and Federation cottages sit alongside low- to medium-rise apartment buildings. Residents have riverside reserves and the historic parklands around Old Government House nearby, plus a cluster of shops and cafes toward the city fringe. Public transport and major road links make access to surrounding centres straightforward.

The community of 12,064 has a median age of 38 and is weighted toward families, with couple families (with and without children) making up about four in five families. Renting is the most common tenure at 56.1%. The suburb is also part of a large urban renewal precinct where new homes, expanded open space, community facilities, provision for some affordable housing and a planned university campus are included, alongside upgrades to pedestrian, cycling and public transport links. That mix of established streets, nearby parkland and ongoing local investment may suit people after quieter residential streets with improving amenities.

Question 2

Is it expensive to live in North Parramatta?

Accepted Answer

Compared with what local households earned at the last Census, housing costs in North Parramatta sit high. A house rent of $770 a week is about 45.2% of a typical local household's weekly income at the last Census, which is a large share, while a unit rent of $600 a week is about 35.3% of that income, a sizeable share. For people renting, the unit market takes a smaller share of income than houses.

Buying is also well above local incomes on these figures. The median house price of $1,128,500 works out to about 12.7 times a typical local annual household income at the last Census, and the median unit price of $604,500 is about 6.8 times that annual income, so both sit well above what households were earning at the last Census.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is North Parramatta a good place to invest?

Accepted Answer

The clearest movement in North Parramatta over the past 12 months is on the rental side: unit rents rose 9.1%, a solid increase. Unit values rose 4.8%, a modest gain, while house rents increased 2.7%, also a modest rise. House values edged up 1.4%, a slight change over the year.

For someone weighing North Parramatta as an investment, the figures show unit rental income has been the strongest performer this year, while unit values also outpaced house values. Which of those outcomes matters most depends on whether you prioritise rental income or capital growth and on your own goals and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$1.13M	$605K
Change in value Past 12 months	1.4%	4.8%
Sold Past 3 months	18	40
Median days on market Past 12 months	27	21
Average rent Past 12 months	$770	$600
Change in rent Past 12 months	2.7%	9.1%

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