Parramatta at a glance
Median house
$1,686,000
-0.1% over 12 months
Median unit
$316,800
Weekly rent
$750
Houses · units $700
Gross yield
2.3%
Houses, on the median
Population
30.2k
Median age 32
Walk score
100
Walker's paradise
Prices: Median of 52 house sales · NSW Valuer General · calendar 2025 · Rent: NSW rental bond data (postcode 2150), June 2026 · Population: 2021 Census
Houses change hands at $1,686,000 on a typical sale, well above the NSW median (52 house sales, NSW Valuer General, calendar 2025). Units come in around $316,800, roughly 81% below the house median. The 12-month picture shows a softening market (-0.1%), giving buyers more room to negotiate.
For buyers
A 20% deposit on the median house works out to roughly $337,000. Prices sit well above the NSW median, so plan for a stretched deposit and shop carefully on borrowing capacity.
For sellers
With 12-month growth at -0.1%, pricing should anchor to the most recent six months of comparables, not last year's peak.
Market
House prices in Parramatta.
Median house price
$1,686,000
-0.1% over the past year. Median unit price $316,800.
Median of 52 house sales · NSW Valuer General · calendar 2025
Rental and ownership
Weekly rent (house)
$750/wk
Weekly rent (unit)
$700/wk
Owner occupied
28%
Renter occupied
70%
At a deeper level
$1,686,000
-0.1% annual growth
$316,800
30,211
Median age: 32
Rental data as of June 2026· rental-nsw
5-year trajectory
at -0.1%/yr
2021
$1.7M
5-year change
-0%
2026
$1.7M
Trajectory derived from the current median compounded at the suburb’s annual growth rate, not raw sale-by-sale history.
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The brief
What to know about Parramatta.
Parramatta's median house price is $1,686,000 (median of 52 house sales recorded by the NSW Valuer General in calendar 2025).
Postcode 2150 (NSW), City of Parramatta, part of Greater Sydney.
Parramatta (2150) sits in the Parramatta region of NSW. The median house here is $1,686,000, well above the NSW median of around $1.10M. Prices have moved -0.1% over the past year, well behind the NSW average (3%).
Parramatta has roughly 30,211 residents, with a young-family demographic. Households are dominated by renters. Day-to-day life here is very walkable, with most errands manageable on foot.
Side by side
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Nearby suburbs
Day to day
What it’s like to live here.
Parramatta scores 100/100 on walkability, which makes it very walkable with workable public transport options. Coffee, groceries and a meal out are mostly walking-distance, which keeps a household viable on one car.
Summer days here average around 26°C (mild), winter mornings around 8°C (mild). Annual rainfall lands at about 1302mm. Data comes from the Bureau of Meteorology's Sydney (Observatory Hill) station, 32.5km away.
Schooling within or near the suburb covers 7 government primary, 3 government secondary, 5 Catholic, 3 independent.
Who lives here
Demographics.
The 2021 Census put Parramatta's population at 30,211, with a median age of 32. That sits as a young-family demographic. Households are dominated by renters (28% own, 70% rent), which shapes everything from school catchment stability to how often properties turn over. The household mix skews family-dominated (64% family households, 26% lone person), so amenity decisions tend to follow what families want: parks, schools, supermarkets.
Population
30,211
Median age
32
Family households
64%
Lone person
26%
Demographics data as of May 2026· ABS 2021 Census
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For investors
Investment overview.
Gross rental yield on houses sits at 2.31% (median rent $750/wk against a $1,686,000 price tag). Units yield 11.49% gross, often the better cash-flow play for first-time investors. With 70% of households renting, the leasing market is established and vacancy risk tends to be lower than in owner-dominated suburbs.
Gross Yield (House)
Source: NSW Valuer General (PSI) · Sept 20262.31%
Based on $1,686,000 median
Gross Yield (Unit)
Source: NSW Valuer General (PSI) · Sept 202611.49%
Based on $316,800 median
Annual Growth (House)
Source: NSW Valuer General (PSI) · Sept 2026-0.1%
Year-on-year capital growth
Annual Growth (Unit)
Source: NSW Valuer General (PSI) · Sept 2026–
Year-on-year capital growth
Owner Occupancy
Source: ABS Census 2021 · May 202628%
Higher = more owner-occupier demand
Days on Market
Source: NSW Valuer General (PSI) · Sept 2026–
Lower = higher buyer demand
Gross rental yield is annual rent divided by purchase price, before expenses. It does not account for vacancy rates, management fees, maintenance, or financing costs. Use this as a starting point for further research.
Safety
Crime and safety.
4,520
total offences in 2026
Top offence categories
Crime statistics are reported at LGA level and may cover a broader area than this suburb.
Source: State Police Open Data
Crime data as of January 2026· State Police Open Data
Getting around
Walkability.
100
100
100
Scores calculated from OpenStreetMap data (ODbL)
Walkability data as of May 2026· OpenStreetMap
Place
Location.
Amenities
Transport
Nearby suburbs
Education
Schools in Parramatta.
Local schools for Parramatta
View the catchment for each school to find out more.
Government School Catchment
Arthur Phillip High School
Bayanami Public School
Parramatta Public School
© ACARA, licensed under CC BY 4.0.
Climate
Weather year-round.
Annual Rainfall
1302 mm
Hottest Month (avg max)
26.2°C
Coldest Month (avg min)
8.4°C
Monthly Rainfall (mm)
Weather data from BOM station Sydney (Observatory Hill) (33 km away)
Climate data as of May 2026· Bureau of Meteorology
Frequently asked
About Parramatta.
- What is the median house price in Parramatta?
- The median house price in Parramatta, NSW 2150 is $1,686,000 (median of 52 house sales recorded by the NSW Valuer General in calendar 2025). The median unit price is $316,800. Annual growth is -0.1%.
- How much is my house worth in Parramatta?
- A useful starting point is the Parramatta median house price of $1,686,000 (units $316,800). Your home will sit above or below that depending on land size, condition, position and what comparable homes nearby have sold for recently. For a figure specific to your property, request a free property appraisal from a local agent using the form on this page.
- Is Parramatta a good investment?
- On the published figures, the gross rental yield on houses in Parramatta is 2.3%: the median weekly house rent is $750 (NSW rental bond data (postcode 2150), June 2026) against the median house price of $1,686,000 (NSW Valuer General, calendar 2025). The median house price fell 0.1% over 12 months on the same NSW Valuer General figures. Whether Parramatta is a good investment for you depends on the price you pay, your loan and holding costs, vacancy and your tax position. These are published market figures, not financial advice.
- What is the Parramatta postcode?
- Parramatta is in the 2150 postcode, in NSW, in the City of Parramatta region.
- Where is Parramatta?
- Parramatta is a suburb of Sydney, in NSW 2150. It is part of the Greater Sydney area, in the City of Parramatta region.
- What is the average rent in Parramatta?
- The median weekly rent for houses is $750, for units it's $700.
- What schools are in Parramatta?
- There are 20 schools serving Parramatta on this page, including Arthur Phillip High School, Bayanami Public School, Parramatta Public School.
- How walkable is Parramatta?
- Parramatta has a Walk Score of 100 out of 100, very walkable. transit score 100, bike score 100.
- What suburbs are near Parramatta?
- Parramatta is close to Harris Park, North Parramatta, Mays Hill, Westmead, Rosehill.
- What is the population of Parramatta?
- The population of Parramatta is approximately 30,211 (2021 Census). The median age is 32.
Parramatta
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Sources cited
Median, growth and rental data from state revenue offices and ABS. Census from ABS 2021. Climate from BoM. Hazard from Geoscience Australia. School data from ACARA. Crime from state police open data. Full methodology →
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