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Parramatta Real Estate

Parramatta real estate

In Parramatta, 86% of occupied homes are flats or apartments, set against 22% across NSW.

  • House 8
  • Townhouse or terrace 6
  • Flat or apartment 86
  • Owned outright 10
  • Mortgaged 18
  • Rented 70
  • Other or not stated 2
Homes in Parramatta as a street of 100, from the census count of households by kind of home and tenure. Other or not stated also takes up the rounding.
Median rent$440 a weekNSW $420
Median mortgage repayment$2,080 a monthNSW $2,167
Median household income$2,092 a weekNSW $1,829

Apartments and smaller homes shape Parramatta

Flats and apartments account for 86% of occupied homes in Parramatta, above the 22% across NSW. Separate houses, at 8%, sit below the state's 66%, and townhouses, terraces and semi-detached houses come to 6%, below 12% across NSW. At the 2021 Census, these figures suggest a suburb shaped by apartment buildings.

Small homes lead the bedroom figures. 80% of homes in Parramatta have two bedrooms or fewer, above the 30% across NSW, while 14% have three bedrooms, below 35%, and 4% have four or more bedrooms, below the state's 34%. Unoccupied dwellings are above the state: on Census night, 13% of private dwellings in Parramatta were unoccupied, compared with 9% across NSW.

New South Wales, the same way: 66 houses, 22 flats, 33 rented. Other or not stated also takes up the rounding.

A renting suburb with incomes above the state

70% of households in Parramatta rent, above the 33% across NSW, and 85% of renting households rent from a landlord the ABS records as a real estate agent, above 69% across NSW. Ownership sits below the state on both counts: 10% of households own their home outright, against 32% across NSW, and 18% are paying off a mortgage, against 33%.

Income here is above the state. The median household income was $2,092 a week, compared with $1,829 across NSW. The median rent of $440 a week is above the state's $420, while the median mortgage repayment of $2,080 a month is below the NSW figure of $2,167.

Put the median weekly rent beside the median weekly income of all Parramatta households, renters or not, and it equals 21%. That share is worked out on this page from the two medians, and it is below the 23% across NSW. It reads the two medians together and says nothing about any single household's costs.

Younger residents in smaller households

Of people aged five and over in Parramatta, 25% lived at the same address five years earlier, the answer to one 2021 question about where they lived in 2016. Across NSW the share is 54%, so Parramatta sits below the state. The figure suggests that, at the 2021 Census, a smaller share of the suburb's people aged five and over were at the address they had held five years before than across NSW.

The suburb of Parramatta had 30,211 people at the 2021 Census. Its median age of 32 years is below the 39 across NSW, pointing to a younger population. An average household holds 2.4 people, below 2.6 across NSW, which suggests fewer people sharing each home than across the state.