Parramatta is Western Sydney’s commercial capital and one of NSW’s fastest-growing property markets. The suburb sits at the intersection of the Parramatta CBD, Westmead hospital precinct and three train lines, creating both owner-occupier and investor demand.
Parramatta Property Data 2026
| Metric | Parramatta |
|---|---|
| Median House Price | $1,420,000 |
| Median Unit Price | $580,000 |
| Gross House Yield | 3.2% |
| Gross Unit Yield | 4.8% |
| 5-Year House Growth | 38% |
| Owner-Occupier Rate | 44% |
| Median HH Income (ABS 2021) | $1,680/wk |
| GeeVee Investment Score | 8.1/10 |
Is Parramatta a Good Investment in 2026?
Parramatta scores 8.1/10 on the GeeVee investment model. The suburb benefits from the NSW Government’s $9 billion Westmead health and innovation precinct, Parramatta Light Rail, Parramatta CBD office expansion, and Western Sydney Airport demand driving rental growth across Western Sydney. Unit investors earn 4.8% gross yield, one of the strongest in metropolitan Sydney.
Parramatta vs Sydney Median
Parramatta’s median unit price of $580,000 represents a 42% discount to the Sydney metropolitan unit median, while offering comparable or superior rental yields. This discount is expected to narrow as the Parramatta CBD continues to absorb Sydney’s economic decentralisation.
Frequently Asked Questions
What is the median house price in Parramatta?
The median house price in Parramatta is approximately $1,420,000 as of Q2 2025 (REIV/Domain data), with a median unit price of $580,000.
What is the rental yield in Parramatta?
Gross rental yields in Parramatta are approximately 3.2% for houses and 4.8% for units, driven by hospital precinct demand and CBD employment.
Is Parramatta a good suburb to invest in?
Yes. Parramatta scores 8.1/10 on the GeeVee investment model, supported by major infrastructure investment, strong rental demand and a significant price discount to the Sydney median.
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