Parramatta, NSW
UNDERVALUED37,868 sales · 36 years of data · NSW, Australia
Parramatta, NSW Property Market Overview
Parramatta, located in the heart of Western Sydney, New South Wales, is a vibrant and rapidly evolving property market. This significant hub boasts a rich history and a modern urban landscape, making it a desirable location for many. With 36 years of recorded sales data, AusPropertyInsights.app analysis shows a total of 37,868 property sales in the 2150 postcode.
Currently, as of early 2026, the median property price across all types in Parramatta sits at $625,000. Houses command a higher median of $1,715,000, while apartments offer a more accessible entry point at $615,000. Parramatta's diverse property market caters to a wide range of buyers, from families seeking spacious homes to individuals looking for convenient apartment living. This western Sydney suburb is a key focus for understanding broader Sydney property trends.
Property Mix
Data You Can Trust
Every figure backed by NSW government sale records
What Subscribers See
A preview of the full analysis available for Parramatta
Top streets in Parramatta, NSW by median sale price
See which streets command the highest prices and how many sales back each ranking.
| # | Street | Median Price |
|---|---|---|
| 1 | George St | $1,272,000 |
| 2 | Grandview St | $1,113,000 |
| 3 | Marion St | $8,050,000 |
| 4 | Wandsworth St | $1,540,000 |
... and 200 more streets available
Subscribers also see:
- Street price per m² analysis
- Street annual growth rates (CAGR)
- Premium vs discount % comparison
Streets by price per square metre
Compare land and building value across streets — essential for finding underpriced pockets.
| # | Street | Median $/m² |
|---|---|---|
| 1 | George St | $15,606/m² |
| 2 | Macarthur St | $6,223/m² |
| 3 | Hassall St | $7,771/m² |
| 4 | Phillip St | $10,227/m² |
... and more $/m² rankings
View full $/m² data →Fastest growing streets by median price
10-year compound annual growth rate (CAGR) by street — see which streets are outperforming the suburb.
| # | Street | 10yr CAGR |
|---|---|---|
| 1 | George St | +9.5% |
| 2 | Marion St | +29.8% |
| 3 | Wandsworth St | +5.2% |
| 4 | Pitt St | +21.9% |
... and more street growth rates
See all growth rates →Past growth rates are not indicative of future performance. This data is for informational purposes only.
Building-by-building comparison
| # | Address | Median |
|---|---|---|
| 1 | 30 Charles St | $795,000 |
| 2 | 178 George St | $780,000 |
| 3 | 180 George St | $1,335,900 |
| 4 | 88 Church St | $800,000 |
... and 435 more buildings
Compare individual buildings by price per sqm, median unit price, and sales volume. Identify which buildings are gaining or losing value relative to the suburb average.
View full building data →Flipper risk & hold period analysis
Properties resold within 2 years may signal problems — structural issues, noisy locations, or overpayment. See hold period distribution and flagged streets.
See flipper risk data →Settlement times & problem streets
Extended settlement times can indicate building defects, financing difficulties, or legal issues. See which streets have the longest settlement periods.
See settlement data →Density & development tracking
Track which streets are converting from houses to apartments. Understand how density is changing the suburb's character and property values over time.
See density trends →Unlock the full Parramatta analysis
204 streets and 439 buildings to explore
Trusted by 100+ property investors across NSW
Nearby Suburbs to Parramatta
Parramatta at a Glance
Parramatta, NSW
Map data © OpenStreetMap contributors
Local Amenities
Living in Parramatta, NSW
Living in Parramatta offers a vibrant and convenient lifestyle. The suburb is a major commercial and transport hub, offering excellent connectivity to Sydney CBD and other parts of the city. Parramatta boasts several reputable schools, including Parramatta High School and Macarthur Girls High School, making it an attractive location for families.
The suburb also features a wide range of amenities, including Westfield Parramatta, a major shopping centre, and several parks and green spaces, such as Parramatta Park. With Parramatta Station serving as a major interchange for train and bus services, commuting is easy and efficient. The vibe in Parramatta is dynamic and multicultural, reflecting its diverse community.
Who Buys in Parramatta?
The buyer profile in Parramatta is diverse, reflecting the suburb's mix of housing types and price points. The high strata percentage (72.5%) indicates a significant proportion of apartment buyers, often first-home buyers or young professionals seeking convenient city living. While the median house price of $1,715,000 might attract established families, the lower apartment median of $615,000 opens the market to a wider range of buyers. Investors are also drawn to Parramatta, seeking rental income and potential capital growth, given the suburb's ongoing development and strong transport links.
Market Analysis
Parramatta's current position in the property cycle, as of early 2026, is below its long-term trend, placing it in undervalued territory. This means that current property prices in Parramatta are, according to our analysis, lower than what historical trends would suggest.
Understanding Parramatta's cycle position is crucial for interpreting its market dynamics. While the 'undervalued' label doesn't guarantee future price increases, it indicates a potential for growth if the market reverts to its historical mean. Factors such as interest rates, economic conditions, and population growth will influence Parramatta's trajectory moving forward.
Is Parramatta a Good Investment?
Parramatta's property market, with its varied historical growth rates, presents a complex picture. The 10-year CAGR of -1.0% indicates a period of slower growth compared to the longer-term trends. However, the 20-year CAGR of 3.2% and the full-period CAGR of 4.5% demonstrate the suburb's long-term appreciation potential. Parramatta's cycle position as being below its long-term trend, as of early 2026, suggests that it may be undervalued.
Factors driving property values in Parramatta include its strategic location in Western Sydney, its excellent transport links, and its ongoing development as a major commercial and residential hub. The increasing number of apartment buildings reflects the suburb's densification and its appeal to a diverse range of residents. Parramatta's future growth will likely be influenced by broader economic conditions and infrastructure developments in the region.
Parramatta Market Outlook
As of early 2026, Parramatta's property market is positioned below its long-term trend, indicating it is currently undervalued. While recent price trends have shown some fluctuations, the underlying fundamentals of Parramatta remain strong. The suburb's ongoing development, excellent transport links, and diverse community continue to attract buyers and renters. Monitoring key economic indicators and local development plans will be crucial for understanding Parramatta's future market trajectory.
Streets & Location in Parramatta, NSW
Parramatta, postcode 2150, features a diverse range of streets, each with its own character and property values. According to our data, some of the streets with higher median prices include GRANDVIEW ST, PHILLIP ST, and FENNELL ST. With a total of 204 streets, Parramatta offers a variety of living environments, from quiet residential areas to bustling commercial hubs. Its central location within Western Sydney makes it a desirable place to live and invest.
Market Dynamics
Transaction patterns in Parramatta reveal important insights into the suburb's market activity. The average settlement time for properties in Parramatta is 64 days. This timeframe reflects the typical processes involved in property sales, from offer acceptance to final settlement. AusPropertyInsights.app does not currently track quick-flip percentages in Parramatta, but the settlement timeframe provides an indication of market liquidity.
Development & Density
Parramatta has a high development density, particularly in terms of apartment buildings. The suburb boasts 439 apartment buildings, reflecting its transformation into a major urban centre. The high strata percentage of 72.5% confirms the dominance of apartment living in Parramatta. While houses command higher median prices, apartments provide a more affordable entry point and contribute significantly to the suburb's overall housing supply.
Growth & Property Mix
Historically, Parramatta's property market has demonstrated varied growth rates. Over the past 10 years, the suburb experienced a -1.0% compound annual growth rate (CAGR). Looking further back, the 20-year CAGR is 3.2%, while the full-period CAGR, encompassing the entire 36 years of data, stands at 4.5%. This reflects the long-term appreciation of property values in Parramatta. The property mix in Parramatta is heavily skewed towards apartments, with strata titles accounting for 72.5% of the market.
All data on this page is sourced from NSW government property sale records. Market analysis, cycle positions, growth rates, and all other metrics are provided for informational purposes only and do not constitute financial, investment, legal, or property advice. Always seek independent professional advice before making any property or financial decisions.
This information is based on historical sales data and does not constitute financial, investment, or property advice. Past performance is not indicative of future results. Always consult a qualified professional before making property decisions.