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Sales Activity
Curious about local property values? Filter the chart to assess the volume and appreciation (including resales) trends and regional comparisons, or scroll to the map below view this information at an individual property level.
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Population
Parramatta - South has seen population growth performance typically on par with national averages when looking at short and medium term trends
Parramatta - South's population is approximately 11,144 as of August 2025. This represents an increase of 1,277 people, a 12.9% rise since the 2021 Census which reported a population of 9,867. The change was inferred from the estimated resident population of 11,111 in June 2024 and six additional validated new addresses since the Census date. This results in a density ratio of 8,017 persons per square kilometer, placing it within the top 10% of national locations assessed by AreaSearch. Parramatta - South's growth exceeded both state (6.4%) and metropolitan area levels, marking it as a regional growth leader. Overseas migration contributed approximately 89.0% of overall population gains during recent periods.
AreaSearch uses ABS/Geoscience Australia projections for each SA2 area, released in 2024 with a base year of 2022. For areas not covered by this data, NSW State Government's SA2 level projections are used, released in 2022 with a base year of 2021. Growth rates by age group from these aggregations are applied to all areas for years 2032 to 2041. By 2041, the area is projected to grow by 7,817 persons based on latest population numbers, reflecting a total increase of 69.8% over the 17-year period.
Frequently Asked Questions - Population
Development
The level of residential development activity in Parramatta - South is very low in comparison to the average area assessed nationally by AreaSearch
Parramatta - South has seen approximately 11 dwellings receiving development approval each year. Over the past five financial years, from FY2021 to FY2025, around 58 homes were approved, with an additional 2 approved so far in FY2026. On average, over these years, only about 0.2 new residents per year per dwelling constructed have been recorded.
The average construction cost of new properties is $398,000, which is below regional norms, indicating more affordable housing options. In FY2026, $220,000 in commercial development approvals have been recorded, suggesting a predominantly residential focus. Compared to Greater Sydney, Parramatta - South records significantly lower building activity, with 85.0% fewer dwellings approved per person than the regional average. This scarcity of new dwellings typically strengthens demand and prices for existing properties. New development consists of an equal split between standalone homes (50.0%) and attached dwellings (50.0%), offering affordable entry pathways and attracting downsizers, investors, and first-time purchasers. The location has approximately 1522 people per dwelling approval, demonstrating a well-established market.
Future projections indicate Parramatta - South adding around 7,784 residents by 2041. If current development rates continue, housing supply may not keep pace with population growth, potentially increasing competition among buyers and supporting stronger price growth.
Frequently Asked Questions - Development
Infrastructure
Parramatta - South has very high levels of nearby infrastructure activity, ranking in the top 10% nationally
Changes to local infrastructure significantly influence an area's performance. AreaSearch has identified 38 projects likely impacting the area. Notable projects include Powerhouse Parramatta, Civic Link Parramatta, Observatory Place Parramatta, and Harris Park Cultural Precinct. The following list details those most relevant.
Professional plan users can use the search below to filter and access additional projects.
INFRASTRUCTURE SEARCH
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Frequently Asked Questions - Infrastructure
Parramatta CBD Development Program
Comprehensive urban renewal program transforming the Parramatta CBD, focusing on expanding the CBD boundary and commercial core, increasing building heights, and guiding development to support Parramatta as Sydney's 'dual' CBD. The program includes the Parramatta City Centre LEP and DCP, planning for new commercial towers, residential buildings, and public infrastructure like the Civic Link, with the aim of creating 50,000 new jobs and 14,000 additional dwellings. The Parramatta City Centre LEP was finalised in October 2022, and the Parramatta City Centre DCP controls came into effect in December 2022. Preliminary work on the Southern Planning Investigation Area (PIA) began in May 2025.
Powerhouse Parramatta
Powerhouse Parramatta is Australia's largest museum project since the Sydney Opera House. The new 18,000sqm flagship museum on the Parramatta River features extensive exhibition spaces, a 600-seat theatre, education and digital studios, cafes and public riverside plazas. Designed by Moreau Kusunoki and Genton, the building targets a 6 Star Green Star rating. Construction is well advanced with practical completion expected late 2026 and public opening in 2027.
Civic Link Parramatta
Civic Link is a 400-metre activated pedestrian and green spine connecting Parramatta Square to the Parramatta River foreshore. It links major transport nodes (Parramatta Station, light rail, future Sydney Metro West) with cultural destinations including Powerhouse Parramatta and new public spaces for events, play, dining and relaxation. Delivered in stages by City of Parramatta Council.
Parramatta Metro Station - Sydney Metro West
New underground metro station forming part of the 24 km Sydney Metro West twin-tunnel railway between Westmead and The Bays/Sydney CBD. The station features two platforms, multiple entrances in Parramatta Square and Civic Link precinct, full accessibility, and direct interchange with future Parramatta Light Rail Stage 2. Construction is one of seven new stations on the Metro West line, scheduled to open in 2032.
Parramatta City Centre LEP (CBD Planning) - Finalised Controls
City-wide planning controls for the Parramatta City Centre (formerly the CBD Planning Proposal) are now in effect. The City Centre LEP enables very tall mixed-use and commercial towers (up to ~69 storeys mixed-use and ~52 storeys commercial under mapped height/FSR and design excellence provisions), expands the CBD boundary, introduces flood risk and shelter-in-place requirements, and embeds end-of-trip and sustainable building measures. Supplementary matters to the City Centre LEP were finalised in Aug 2025, updating zoning, car parking rates, creative industry permissibility, and high performing building design provisions.
Observatory Place Parramatta
24-storey mixed-use development featuring 173 residential apartments with 1, 2 and 3 bedroom configurations by Ellerson Property. Located on former Lone Star Tavern site adjacent to Jubilee Park with stepped design following solar path, ground floor retail/dining precinct, and premium finishes by Tony Caro Design. Designed by Aleksandar Design Group with recessed balconies providing privacy and raised terraces overlooking Jubilee Park.
Cosmopolitan by Deicorp Parramatta
A vibrant new residential precinct featuring 600 one, two and three-bedroom apartments in two 45-level towers, above a retail village hub. Located parkside in Parramatta's CBD with direct access to Parramatta Light Rail.
2 Fitzwilliam Street, Parramatta
A $400 million mixed-use build-to-rent development by Urban Property Group, featuring two towers (40-48 storeys) with 703 apartments (including affordable housing and NDIS-compliant units), a 217-key hotel, retail podium, and resident amenities including rooftop deck, pool, gym, co-working spaces, cinema, and more. Currently in the Response to Submissions stage for State Significant Development.
Employment
Parramatta - South has seen below average employment performance when compared to national benchmarks
Parramatta - South has a highly educated workforce with professional services being well-represented. The unemployment rate was 4.5% in June 2021, with an estimated employment growth of 1.7% over the past year.
As of June 2025, 7,306 residents are employed while the unemployment rate is 4.9%, which is 0.7% higher than Greater Sydney's rate of 4.2%. Workforce participation stands at 64.3%, slightly above Greater Sydney's 60.0%. The dominant employment sectors among residents include professional & technical, health care & social assistance, and retail trade. The area has a notable concentration in professional & technical services with employment levels at 1.6 times the regional average.
Conversely, construction shows lower representation at 4.7% compared to the regional average of 8.6%. Employment opportunities locally appear limited as indicated by the Census working population vs resident population count. Between June 2024 and June 2025, employment levels increased by 1.7%, while labour force grew by 3.2%, resulting in an unemployment rise of 1.4 percentage points. In contrast, Greater Sydney experienced employment growth of 2.6% and labour force growth of 2.9%, with a 0.3 percentage point rise in unemployment. Jobs and Skills Australia's national employment forecasts from May 2025 project national employment to expand by 6.6% over five years and 13.7% over ten years, with varying growth rates across industry sectors. Applying these projections to Parramatta - South's employment mix suggests local growth of approximately 7.1% over five years and 14.3% over ten years.
Frequently Asked Questions - Employment
Income
Income levels align closely with national averages, indicating typical economic conditions for Australian communities according to AreaSearch analysis
Parramatta - South had a median taxpayer income of $51,609 and an average of $61,982 in the financial year 2022, according to postcode level ATO data aggregated by AreaSearch. This is below Greater Sydney's median income of $56,994 and average income of $80,856. By September 2025, based on Wage Price Index growth of 12.61%, estimated incomes would be approximately $58,117 (median) and $69,798 (average). Census 2021 income data shows Parramatta - South's household, family, and personal incomes are around the 60th percentile nationally. Income distribution indicates 36.9% of the population falls within the $1,500 - 2,999 range, consistent with broader regional trends at 30.9%. High housing costs consume 18.4% of income, but strong earnings place disposable income at the 59th percentile. The area's SEIFA income ranking places it in the 6th decile.
Frequently Asked Questions - Income
Housing
Parramatta - South features a more urban dwelling mix with significant apartment living, with a higher proportion of rental properties than the broader region
Parramatta - South had 12.6% houses and 87.4% other dwellings in its dwelling structure as of the latest Census, compared to Sydney metro's 36.4% houses and 63.6% other dwellings. Home ownership within Parramatta - South was at 11.8%, with mortgaged dwellings at 17.4% and rented ones at 70.8%. The median monthly mortgage repayment in the area was $1,883, below Sydney metro's average of $2,167. The median weekly rent figure was $400, compared to Sydney metro's $420. Nationally, Parramatta - South's mortgage repayments were higher than the Australian average of $1,863, while rents exceeded the national figure of $375.
Frequently Asked Questions - Housing
Household Composition
Parramatta - South features high concentrations of group households, with a fairly typical median household size
Family households comprise 65.6% of all households, including 31.9% couples with children, 22.9% couples without children, and 7.9% single parent families. Non-family households account for the remaining 34.4%, with lone person households at 21.7% and group households comprising 12.6%. The median household size is 2.6 people, which aligns with the Greater Sydney average.
Frequently Asked Questions - Households
Local Schools & Education
Parramatta - South performs slightly above the national average for education, showing competitive qualification levels and steady academic outcomes
Educational attainment in Parramatta - South is significantly higher than broader benchmarks. As of 2016, 54.8% of residents aged 15 and above held university qualifications, compared to 30.4% nationally and 32.2% in NSW. Bachelor degrees were the most common at 31.8%, followed by postgraduate qualifications (21.2%) and graduate diplomas (1.8%). Vocational pathways accounted for 18.8% of qualifications, with advanced diplomas at 10.5% and certificates at 8.3%.
Educational participation was notably high, with 33.5% of residents enrolled in formal education as of 2016. This included 10.0% in tertiary education, 8.1% in primary education, and 3.9% pursuing secondary education. Parramatta West Public School provides local educational services within Parramatta - South, with an enrollment of 916 students as of 2020. The school focuses exclusively on primary education, with secondary options available in surrounding areas. As of 2019, the area demonstrated typical Australian school conditions (ICSEA: 1026) and balanced educational opportunities. However, limited local school capacity (8.2 places per 100 residents vs 18.0 regionally) means many families travel to nearby areas for schooling.
Frequently Asked Questions - Education
Schools Detail
Nearby Services & Amenities
Transport
Transport servicing is high compared to other areas nationally based on assessment of service frequency, route connectivity and accessibility
Parramatta-South has 33 operational public transport stops. These include both train and bus services. There are 26 unique routes serving these stops, which together facilitate 6,576 weekly passenger trips.
The area's transport accessibility is rated excellent, with residents typically residing just 143 meters from the nearest stop. Across all routes, service frequency averages 939 daily trips, equating to around 199 weekly trips per individual stop.
Frequently Asked Questions - Transport
Transport Stops Detail
Health
Parramatta - South's residents boast exceedingly positive health performance metrics with very low prevalence of common health conditions across all age groups
Health outcomes data shows exceptional results across Parramatta - South, with very low prevalence of common health conditions across all age groups. The rate of private health cover is relatively low at approximately 51% of the total population (~5,638 people), compared to 53.4% across Greater Sydney.
Mental health issues and diabetes are the most common medical conditions in the area, impacting 4.1 and 3.7% of residents respectively. Around 85.8% of residents declare themselves completely clear of medical ailments, compared to 79.0% across Greater Sydney. As of 2021, 7.6% of residents are aged 65 and over (846 people), which is lower than the 12.5% in Greater Sydney. Health outcomes among seniors require more attention despite being strong.
Frequently Asked Questions - Health
Cultural Diversity
Parramatta - South is among the most culturally diverse areas in the country based on AreaSearch assessment of a range of language and cultural background related metrics
Parramatta - South has a population where 77.6% speak a language other than English at home, with 74.1% born overseas. Hinduism is the predominant religion in Parramatta - South, making up 38.3%, compared to 28.8% across Greater Sydney. The top three ancestry groups are Other (30.7%), Indian (25.6%), and Chinese (13.1%), all higher than regional averages of 23.7%, 18.4%, and 9.1% respectively.
Notably, Lebanese (3.4%) and Korean (1.1%) groups are underrepresented compared to regional figures of 3.5% and 1.5%. Filipino representation is slightly higher at 2.7% compared to the regional average of 2.4%.
Frequently Asked Questions - Diversity
Age
Parramatta - South hosts a very young demographic, ranking in the bottom 10% of areas nationwide
Parramatta-South has a median age of 32 years, which is younger than Greater Sydney's average of 37 and significantly lower than Australia's national average of 38. Compared to Greater Sydney, Parramatta-South has a higher proportion of residents aged 25-34 (31.8%) but fewer residents aged 45-54 (8.2%). This concentration of 25-34 year-olds is well above the national average of 14.5%. According to data from the 2021 Census, the proportion of residents aged 25-34 has increased from 29.3% to 31.8%, while the proportion of those aged 35-44 has decreased from 19.7% to 18.0%. By 2041, demographic modeling suggests that Parramatta-South's age profile will change significantly. The 35-44 age group is projected to grow by 90%, adding 1,811 residents and reaching a total of 3,821 residents in this age bracket.