Parramatta

Parramatta lies within the top 10% of areas nationally in terms of population growth performance according to AreaSearch analysis of short and medium-term trends

As of November 2025, the estimated population for the Parramatta statistical area (Lv2) is around 34,642, reflecting a 14.7% increase since the 2021 Census, which reported a population of 30,211 people. This growth is inferred from AreaSearch's estimation of the resident population at 33,716 based on the latest ERP data release by the ABS in June 2024 and an additional 1,138 validated new addresses since the Census date. The population density ratio stands at 6,623 persons per square kilometer, placing it within the top 10% of national locations assessed by AreaSearch. Overseas migration contributed approximately 84.0% of overall population gains in recent periods, driving primary growth for the area which exceeded both state (7.6%) and metropolitan area figures. AreaSearch adopts 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 released in 2022 with a base year of 2021 are utilised.

Growth rates by age group from these aggregations are applied to all areas for the years 2032 to 2041. Based on aggregated SA2-level projections, exceptional growth is predicted over the period, with the area expected to expand by 34,558 persons to 2041, reflecting a gain of 97.4% in total over the 17 years.

AreaSearch assessment of residential development activity positions Parramatta among the top 25% of areas assessed nationwide

Based on AreaSearch analysis of ABS building approval numbers, allocated from statistical area data, Parramatta has seen around 396 new homes approved annually. Over the past five financial years, from FY-21 to FY-25, approximately 1,983 homes were approved, with an additional 16 approved so far in FY-26. On average, each dwelling constructed over these years accommodates about 1.1 new residents per year.

This suggests a balanced supply and demand dynamic, contributing to stable market conditions. The average construction cost value of new properties is around $501,000, indicating a focus on the premium segment with upmarket properties. In FY-26 alone, commercial development approvals have reached $199.1 million, reflecting strong commercial development momentum.

New developments in Parramatta consist predominantly of attached dwellings (98.0%), with standalone homes making up only 2.0% of the total. This skew towards compact living offers affordable entry pathways and attracts downsizers, investors, and first-time purchasers. With around 77 people per dwelling approval, Parramatta exhibits characteristics of a growth area. Looking ahead, AreaSearch's latest quarterly estimate projects that Parramatta will grow by approximately 33,754 residents through to 2041. If current development rates persist, housing supply may not keep pace with population growth, potentially increasing competition among buyers and supporting stronger price growth.

Parramatta 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 87 projects that could impact this area. Notable projects include Powerhouse Parramatta, Civic Link Parramatta, Cosmopolitan by Deicorp Parramatta, and Parramatta Metro Station - Sydney Metro West. The following list details those most relevant.

Professional plan users can use the search below to filter and access additional projects.

Denotes AI-based impression for illustrative purposes only, not to be taken as definitive under any circumstances. Please follow links and conduct other investigations from the project's source for actual imagery. Developers and project owners wishing us to use original imagery please Contact Us and we will do so.

AreaSearch analysis places Parramatta well above average for employment performance across multiple indicators

Parramatta has a highly educated workforce with strong representation in professional services. Its unemployment rate is 3.2%, below Greater Sydney's 4.2%.

Employment growth over the past year was estimated at 3.2%. As of September 2025, 24,340 residents are employed, with an unemployment rate of 1.0% lower than Greater Sydney's and workforce participation at 68.1%, above Greater Sydney's 60.0%. Key industries include professional & technical, health care & social assistance, and finance & insurance. Parramatta specializes in professional & technical jobs, with employment share 1.9 times the regional level.

Construction shows lower representation at 4.2% versus the regional average of 8.6%. The area hosts more jobs than residents, attracting workers from surrounding areas. In the 12 months prior, employment increased by 3.2%, labour force by 3.7%, and unemployment rose by 0.5 percentage points. Greater Sydney recorded employment growth of 2.1% and unemployment rise of 0.2 percentage points. State-level data to 25-Nov shows NSW employment contracted by 0.03% with an unemployment rate of 3.9%. National forecasts project national employment expansion by 6.6% over five years and 13.7% over ten years, but growth rates vary between sectors. Applying these projections to Parramatta's employment mix suggests local employment should increase by 7.4% over five years and 14.8% over ten years.

Income analysis reveals strong economic positioning, with the area outperforming 60% of locations assessed nationally by AreaSearch

The suburb of Parramatta had a median taxpayer income of $55,844 and an average income of $67,752 in the financial year 2023. These figures are based on postcode level Australian Taxation Office data aggregated by AreaSearch. Compared to national averages, these incomes align with them but differ from Greater Sydney's median income of $60,817 and average income of $83,003. By September 2025, adjusting for Wage Price Index growth of 8.86%, the estimated median income would be approximately $60,792 and the average income around $73,755. According to the 2021 Census, incomes in Parramatta rank highly nationally, between the 72nd and 80th percentiles for household, family, and personal incomes. Income distribution shows that 39.0% of locals (13,510 people) fall into the $1,500 - 2,999 category, similar to the broader area where 30.9% occupy this range. High housing costs consume 19.3% of income, but strong earnings place disposable income at the 66th percentile nationally. The suburb's SEIFA income ranking places it in the 8th decile.

Parramatta features a more urban dwelling mix with significant apartment living, with a predominantly rental market

Parramatta's dwelling structure, as per the latest Census, consisted of 7.7% houses and 92.4% other dwellings (semi-detached, apartments, 'other' dwellings). Home ownership in Parramatta stood at 9.8%, with 18.4% of dwellings mortgaged and 71.8% rented. The median monthly mortgage repayment was $2,080, while the median weekly rent was $440. Nationally, Parramatta's mortgage repayments were significantly higher than the Australian average of $1,863, with rents substantially above the national figure of $375.

Parramatta features high concentrations of group households, with a median household size of 2.4 people

Family households account for 63.7% of all households, including 29.5% couples with children, 25.2% couples without children, and 6.7% single parent families. Non-family households make up the remaining 36.3%, with lone person households at 26.1% and group households comprising 10.2%. The median household size is 2.4 people.

Parramatta shows strong educational performance, ranking in the upper quartile nationally when assessed across multiple qualification and achievement indicators

Parramatta's educational attainment is notably higher than national averages. Among residents aged 15 and above, 62.1% have university qualifications, compared to Australia's 30.4% and NSW's 32.2%. This high level of attainment is led by bachelor degrees (36.5%), followed by postgraduate qualifications (23.2%) and graduate diplomas (2.4%). Vocational pathways account for 16.9%, with advanced diplomas at 9.4% and certificates at 7.5%.

Educational participation is high, with 31.9% of residents currently enrolled in formal education. This includes tertiary education (10.1%), primary education (8.2%), and secondary education (3.6%).

Transport servicing is high compared to other areas nationally based on assessment of service frequency, route connectivity and accessibility

Parramatta has 127 active public transport stops. These include ferry, train, light rail, and bus services. There are 110 individual routes operating from these stops, serving a total of 28,283 weekly passenger trips.

The average distance residents live from the nearest transport stop is 135 meters. On average, there are 4,040 trips per day across all routes, which equates to approximately 222 weekly trips per individual stop.

Parramatta's residents boast exceedingly positive health performance metrics with very low prevalence of common health conditions across all age groups

Parramatta's health outcomes show exceptional results with very low prevalence of common health conditions across all ages.

The private health cover rate is approximately 54% (~18,609 people), slightly higher than the average SA2 area. Mental health issues and asthma are the most prevalent conditions, affecting 4.3% and 3.8% of residents respectively. About 85.5% report no medical ailments, compared to 0% in Greater Sydney overall. Parramatta has 7.6% (2,632 people) of residents aged 65 and over. Senior health outcomes are notably strong but require additional attention relative to the broader population.

Parramatta 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 has one of the most culturally diverse populations in Australia, with 73.9% speaking a language other than English at home and 73.7% born overseas. The dominant religion is Hinduism, practiced by 36.7% of Parramatta's population, compared to None% across Greater Sydney. In terms of ancestry, the top three groups are Other (27.8%), Indian (25.3%), and Chinese (14.2%).

Notably, Lebanese (2.3%) and Korean (1.4%) populations are higher in Parramatta than regionally, while Filipino representation is also significant at 3.1%.

Parramatta hosts a very young demographic, ranking in the bottom 10% of areas nationwide

Parramatta's median age is 32 years, which is younger than Greater Sydney's average of 37 and significantly lower than Australia's national average of 38 years. Compared to Greater Sydney, Parramatta has a higher percentage of residents aged 25-34 (32.4%) but fewer residents aged 45-54 (7.6%). This concentration of 25-34 year-olds is well above the national average of 14.5%. According to post-2021 Census data, the percentage of residents aged 25 to 34 has grown from 31.3% to 32.4%, while the percentage of residents aged 5 to 14 has declined from 9.0% to 8.1%. Demographic modeling suggests that Parramatta's age profile will change significantly by 2041, with the strongest projected growth in the 25 to 34 cohort, which is expected to grow by 92%, adding 10,316 residents and reaching a total of 21,541.