Parramatta Blog

WHY IS PARRAMATTA & SURROUNDS SO CHEAP IN TODAY'S BOOMING MARKET?

With the extensive infrastructure works being undertaken in Parramatta, the area remains highly forgotten in the rush to buy property throughout Sydney. Head of Residential at Raine& Horne Parramatta, Richard Khoury feels that “when comparing square metre rates of land in newly released suburbs in outer South West and North West Sydney there is unbelievable value in traditional suburbs like Parramatta, Granville, Harris Park and Rosehill.” These suburbs continue to underperform with many homes still remaining under the $1m mark.

There also remains exceptional value for the unit buyer seeking their first home and so close to public transport.