The Property Brief — what the evidence shows. You draw the conclusion.
Confidence: Low — based on 24 comparable auction sales · model runs ±17% for this configuration · thin comparable support for this configuration — read the range as wider, not as a warning · the model's typical miss is ~11% against published results — every hit and miss
Comparable auction sales
| Address | Config | Sold | When |
|---|---|---|---|
| 3/5 Purchase St | 2 bd · 1 ba | $755k | Nov 2024 |
| 9/12 Glebe St | 2 bd · 1 ba | $770k | Oct 2024 |
Suburb risk flags
crime index: 100 — well above sydney average · trains ~every 3 min at peak
Where every number comes from
- Fair value: AI PropertyEye price model 2026-08-11-v5 — trained on 146,492 published auction sales; configuration-level (suburb × type × beds), not an appraisal of this exact home
- Comps: published Domain auction results for Parramatta — suburb × configuration matches, not hyper-matched to this address
- Risk flags: suburb-level overlays (BOCSAR crime, flood/bushfire intel, aircraft bands, GTFS transit) — NOT a per-parcel assessment
Rent evidence — asking vs transacted, Parramatta · postcode 2150
$715/wk median live asking rent for 2-bed homes in Parramatta (4 live rental listings on agency websites, this week's sweep).
$600–$850/wk is what 2-bed units in 2150 actually transact for (middle half of 498 bonds lodged, Q2 2026 · median $750/wk — NSW Fair Trading, CC BY).
2019Q1 → 2026Q2: $480 → $710/wk · +6% over the last 12 months (latest four quarters averaged against the previous four) — quarterly new-tenancy medians for units in 2150, all bedroom counts pooled.
Asking rents are what agents hope for; bond figures are what tenants actually signed at (NSW Fair Trading bond lodgements, CC BY). No yield % is derived here: each rent above is a different grain from this home's price, and a ratio of two grains reads as precision it doesn't have. New-tenancy rents run hotter than sitting rents. Not financial advice.
Growth trend — Parramatta units at auction
Measured like-for-like growth ≈ 0.6%/yr — 2-bed sold-price medians across 16 quarters (98 sales).
Suburb-level, from published auction results. No single building has enough sales for a block-level series, so this is the honest grain; sales-mix shifts move raw medians, and the measured rate (when shown) controls for bed count.
Published auction results at this address
| Auction week | Result | Price | Agency |
|---|---|---|---|
| 22 Aug 2026 | Sold prior | $780,000 | McGrath Parramatta |
From Domain's published weekly auction results — individual outcomes as published; withheld prices stay withheld.
Agencies' own published sales nearby — Parramatta, around 2 beds
| Address | Sold | Price | Beds | Agency |
|---|---|---|---|---|
| 11/22-24 Tennyson Street | by 26 Aug 2026 | $650,000 | 2 | Laing+Simmons |
| 5104/330 Church Street | by 17 Aug 2026 | $840,000 | 2 | Meriton |
| 4702/330 Church St | by 17 Aug 2026 | $895,000 | 2 | Meriton |
| 4201/330 Church Street | by 17 Aug 2026 | $789,000 | 2 | Meriton |
| 4501/330 Church Street | by 17 Aug 2026 | $800,000 | 2 | Meriton |
Prices as published on the selling agency's own website (their sold pages) — includes private-treaty sales the auction results never see. Only sales the agency chose to publish a figure for appear here.
Construction risk — what no listing tells you
Building Commission NSW / Strata Community Association 2023 Strata Defects Survey: 53% of newly registered strata buildings reported at least one serious defect in common property (39% in the 2021 survey). Defects are common, not exceptional — and new does not mean safe (Opal Tower was under a year old).
Get an independent structural and strata inspection before you commit — the defect base rate makes it the single highest-value dollar in the purchase.
We cannot see inside a building — no one can from public records. This section states base rates and observable adjacency only, and will never call a building safe.
The building — its registered strata scheme
Strata plan SP20667 registered 1983 — the building is at least 43 years old · 6 lots in the scheme (small scheme — levies and decisions shared among few owners).
Registration is an age floor, not a build date — a converted building is older than its strata plan. Scheme records from the NSW Strata Hub. © State of New South Wales (Spatial Services, a business unit of the Department of Customer Service NSW). For current information go to spatial.nsw.gov.au.
What's changing in Parramatta — recent local signals
2026-05-14 — Education new — 60 STATION STREET EAST PARRAMATTA 2150 ($436k) (institutional-signals.json (PAN-636828, OnlineDA))
2026-03-27 — Childcare departure — 10 FENNELL STREET PARRAMATTA 2150 ($2382k) (institutional-signals.json (PAN-579952, OnlineDA))
2025-09-05 — Childcare departure — 55 THOMAS STREET PARRAMATTA 2150 ($4988k) (institutional-signals.json (PAN-510101, OnlineDA))
Dated public signals compiled for this suburb — openings, closures, site sales and institutional moves. Facts with sources, not forecasts.
School catchments
Bayanami PS (primary) · Arthur Phillip HS (secondary)
6 primary schools within 2 km · ICSEA ~1060 — the socio-educational advantage of the school community (My School, national average ~1000): a demographic measure, never a results or quality score.
Suburb-centre approximation for Parramatta — addresses near a boundary can differ. Verify the exact address at School Finder. Intake zones cover government schools only.
Want the numbers agents don't volunteer?
Check any Sydney suburb free — Market Mint market-conditions readout, live median, clearance trend and the price model — at aipropertyeye.com. No sign-up for the suburb check; the full board is 7 days free.
Data from published auction results (Domain) and live portal listings. Estimates are never valuations or financial advice. Own this home and want a result corrected? hello@aipropertyeye.com.