14/7F Parkes St Harris Park NSW 2150
14/7F Parkes St Harris Park NSW 2150
2 bed apartment |$680k asking |$770pw rental yield |Flood overlay noted. This two-bedroom apartment on a 631sqm lot suits downsizers or investors eyeing school proximity in a practical urban setting. Positioned within a multi-unit block, it delivers secure parking and dual bathrooms for low-maintenance living amid reliable NBN and 5G coverage. The generous lot size stands out for an apartment, hinting at potential strata quirks or development undertones in Parramatta Council zoning. Buyers drawn here often include young professionals or rental investors, attracted by the walk to Parramatta Public School and Arthur Phillip High. Similar two-bedroom units in the area hold steady values around $590k-$600k, with this one’s recent listing at $680k signaling vendor optimism amid tightening supply. Flood overlay introduces caution for insurers and financiers, potentially capping appeal against peers without it. Yet long-term holding value persists through proximity to evolving Parramatta hubs, where infrastructure spend bolsters rental demand at $700-$840 weekly. Street-level access via Kendall adds everyday convenience, fitting it neatly into Harris Park’s renter-heavy fabric without overexposure to volatility. Overall, it positions as a yield-focused hold rather than quick-flip prospect.
Independent, Unbiased Research from our PropCred Analyst teamÂ
Market Insight:
Persistent demand is fuelled by Harris ParkÂ’s Parramatta-region location plus low advertised inventory and limited building approvals, which keep buyers focused on the scarcer homes.
Investors and tenants continue to buy for rental exposure because the suburb has around 70% renters, steady vacancy, and the remaining houses still attract interest despite sub-3% yields in this tight segment.
The unit-heavy mix is the chief risk if rental demand softens, yet constrained supply keeps upside tied to ParramattaÂ’s broader demand, with prices broadly plateauing over the last six months after a modest quarterly dip following strong earlier gains.