Parramatta Real Estate Market Insights
Parramatta Property Prices, Auction Results, Median Growth Rates and More
Searching for property in Parramatta, NSW? It's wise to discover if it's suitable in your circumstances. Choosing a new city based on gut instinct is now a thing of the past, the team at Homes.com.au utilise market-leading data to provide you with the Greater Parramatta median property prices, market trends & demographics to equip you in making the best decision on your potential move to the city.
If you are new to the City of Parramatta, have a little read of our historical overview to discover more about the amazing lifestyle and what the city has to offer.
Parramatta is a significant commercial hub in Greater Western Sydney, in the Australian state of New South Wales. It has a long history as a secondary administrative hub in the Sydney metropolitan area, housing many state government departments and federal courts. Parramatta is the oldest inland European colony in Australia, established as a British settlement in 1788, the same year as Sydney. The suburb of Parramatta has a population of 25,798 people, according to the Australian Bureau of Statistics' 2016 census.
Living in Parramatta The historic buildings in Parramatta include the Elizabeth Farm homestead, Experiment Farm Cottage, Old Government House, and the King's School. Parramatta is a diverse neighbourhood. The hundreds of eateries in the area reflect this variety. You may find any cuisine you want: Australian, Malaysian, Japanese, Middle Eastern, Italian, Thai, and more. Pubs, cocktail bars, and beer gardens abound. The majority of these establishments are centred on Church Street, the main commercial route, making it convenient to stroll from work to shopping. Parramatta Park is one of the famous attractions of this neighbourhood. This large park includes lots of open areas for picnics and weekend activities and holds various events throughout the year, including New Year's Eve festivities and film festivals. Low-rise and high-rise apartments are the most common types of housing, but few single-family houses are available. The neighbourhood is capitalising on its location along the Parramatta River by developing new waterfront homes.
History of Parramatta Parramatta was established by Governor Arthur Phillip as a western outlying farm colony of Sydney in 1788, making it Australia's second European settlement. Parramatta is an Aboriginal term meaning "head of streams". It was formerly known as Rose Hill. Parramatta was more significant than Sydney in its early years. It is industrialised and services an area with plant nurseries, mixed vegetable farms, automobile assembly, flour milling, textile, paint, tile, tyre, and asbestos manufacturing. Billions of dollars of investment have lately flowed in, and the economy of Parramatta is expanding faster than the North Sydney commercial districts. Today, Parramatta is a thriving community with a fantastic way of life.
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