31/109-113 George Street, Parramatta NSW 2150
31/109-113 George Street, Parramatta NSW 2150
1 bed, 1 bath, 1 park | below suburb median | high-renter tower | strong rental yield
This unit sits in a large, high-density Parramatta complex where one-bedroom stock shows solid rental demand, with a comparable in the building yielding over 7%. The asking price sits below the suburb median for one-bedroom units, which could offer a value entry point for an investor or first-home buyer seeking central urban amenity, good school catchments, and strong transport links. The buildingโs resident profile skews young and transient, which supports consistent leasing turnover.
The primary risk is the buildingโs 60% renter mix, which can mean higher turnover costs and variable common-area maintenance standards. The condition, floor level, and aspect of this specific unit are unknown and should be inspected carefully, as lower-floor or poorly oriented apartments in large complexes can trade at a discount. Strata levies and any upcoming special levies must be verified before proceeding.
Detailed Independent Property Report preparedย by PropCred Analyst team forย 31/109-113 George Street, Parramatta NSW 2150
Market Insight:
Parramatta is a major commercial hub with strong rental demand, particularly for affordable units which attract first-home buyers and investors. The house market, positioned in the premium segment, faces affordability pressures. Recent price trends show divergence, with house values experiencing correction while units demonstrate relative stability. Future growth is underpinned by significant infrastructure investment and its established role as an employment centre, though high investor concentration in certain unit stock and sensitivity to interest rates present key market constraints.