North Parramatta
Investment Score
78
/100
AI Intelligence Summary
North Parramatta is a highly sought-after inner-western Sydney suburb located just 2km from Parramatta CBD, offering excellent connectivity and urban convenience. The area has experienced significant transformation with new apartment developments complementing established housing stock, creating a diverse residential landscape. The suburb attracts young professionals and families drawn to its proximity to employment hubs, quality schools including the well-regarded North Parramatta Public School, and abundant recreational facilities including Parramatta Park and river foreshore access. With a multicultural population where 55-60% of residents were born overseas, the community enjoys diverse dining options and cultural amenities. Strong transport links via multiple bus routes and walking distance to Parramatta station make it highly accessible, while Westfield Parramatta provides comprehensive shopping and entertainment. The property market remains robust with strong rental demand and steady capital growth, supported by ongoing infrastructure investment as part of Greater Parramatta's urban renewal.
Strengths
- •Excellent transport connectivity to Parramatta CBD and Sydney
- •Walking distance to Parramatta Park and river recreation
- •Strong multicultural community with diverse amenities
- •Quality local schools and educational facilities
Opportunities
- •Benefit from Greater Parramatta growth initiatives
- •Potential for further apartment development
- •Growing cafe and restaurant scene
- •Infrastructure improvements enhancing connectivity
Considerations
- •Higher population density due to apartment developments
- •Limited parking in newer residential complexes
- •Increasing development pressure on character housing
- •Competition for quality rental properties
Property Market
$1.18M
+5.2% 1yr
$700K
+6.8% 1yr
$950K
$720/wk
$550/wk
32
2.1%
72.0%
Price Growth
| Type | 1 Year | 3 Year | 5 Year |
|---|---|---|---|
| House | +5.2% | +18.5% | +35.8% |
| Unit | +6.8% | +22.1% | +42.3% |
Rental Yields
House Yield
3.2%
Unit Yield
4.1%
Townhouse Yield
3.6%
Investment Scorecard
Demand/Supply Ratio: 1.80
Demand exceeds supply — favourable for sellers
Tax & Financial Intelligence
CPA-grade analysis for North Parramatta at median house price
+8% surcharge
$720/wk
Negatively geared
Reduces taxable income
~$627/week
Based on 7.2% p.a. growth (from 5-year trend), 50% CGT discount, 39% MTR
5-Year Hold
10-Year Hold
Investor Quick Summary
Entry cost (stamp duty)
$47,630
After-tax yield
1.95%
Weekly holding cost
$627/wk
10yr CGT (est.)
$218,917
Estimates based on FY2025 NSW rates at median house price. Assumes 80% LVR, 6.5% interest rate, 39% marginal tax rate ($135K-$190K bracket). Individual circumstances vary. This is general information only and not personal financial advice. Consult your CPA before making investment decisions. Local Knowledge Pty Ltd — Registered Tax Agent.
Demographics
3,200
33
$78K
per annum
62.0%
48.0%
42.0%
4.2%
57.0%
Dwelling Mix
Lifestyle & Community
12
5
1
24.0 km
Nearest Station: Parramatta Station
Urban convenience with recreational access - riverside walks, park activities, diverse dining, cultural events, and easy access to major shopping and entertainment venues.
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Data sourced from multiple sources. Last updated 28 March 2026.