NSW Registered Law Firm, LEAD Conveyancing

s149 / s10.7s + Lawyer included in fixed fee
Get a FREE quote prepared by Trinh Thai LLB

Lead Legal Services Pty Ltd (ABN 86 640 514 558)
Proud to be a registered conveyancing law firm.

1. Send us a copy of the contract & when you’ll make an offer
2. Tell us when you’d like to settle on the property
3. We’ll achieve a satisfactory outcome for you

1. Send us a copy of the contract or instruct us to draft it
2. Tell us more about the property you’re selling
3. We’ll achieve an on-time settlement for you

1. Let us know what you are proposing to do
2. We'll review the contract & s10.7 looking for red-flags
3. We’ll suggest changes & special conditions in the contract to protect your interest

In Parramatta, 81.6% of homes are flats or units. This is followed by 10.2% that are separate houses. Furthermore, semi-detached townhouses amount to 6.7% of homes in this city. As of the time of publishing this review, there are 244 properties available for sale in Parramatta. Additionally, 521 properties are available for rent. The cost of properties varies in Parramatta. Houses come with a $1,250,000 price tag, while townhouses cost $850,000. The cost of units in this city also varies. 1 bedroom units come with a price tag of $425,000, while 2 bedroom units cost $580,000. For 3 bedroom units, the pricing is $720,000 and above.

For rental properties, a 2 bedroom house costs $400 per week. On the other hand, 3 bedroom houses cost $480 per week while 4 bedroom houses cost $550 per week. Furthermore, the rent for a 1 bedroom unit in Parramatta costs $390 per week. 2 bedroom units cost $420 per week while 3 bedroom units are available at the cost of $530 per week. 

37.6% of people residing in Parramatta live in rental properties. In contrast, 28.1% of homes in this city are owner-occupied. The majority of households in this region are couples with children. Averagely, the household size in Parramatta is three people. Also, the major age range of people city is 30 – 39 years, and they are mostly independent. It is estimated that households are likely to be repaying an average of $1800 - $2399 per month on mortgage repayments. 

In Parramatta, the median sale price for houses is $1,300,000. This is way above the national average of $485,000. The median price change in 12 months is 5.93%. For units, the median sale price is $610,000. Also, note that the median price change stands at -0.91%, which is lower than the national average of 2.10%. 

The median rent price for houses in Parramatta is $480 per week. This beats the national average of $395 per week. The median gross yield of rental houses is 2.0%. But as for units, the median rent price is $430 per week while the median gross yield is 3.7%. Over the last 12 months, the average number of days a property remains on the market in Parramatta is 81 days. 

• The current vacancy rate in Parramatta is 2.72%
• With a lot of businesses, malls, and markets on Parramatta, everything you want is at your doorstep
• There is a large percentage of independent youths in Parramatta.
• Average discounting on the sale of properties is -5.75%

When buying a house in Parramatta, a lot of paperwork and settlement processes are involved. To steer clear of pitfalls, you need the best conveyancing services. Conveyancing is when the ownership of a legal title of land is transferred from the old owner to the new owner. Conveyancers take charge of all the complex steps necessary since they have first-hand knowledge regarding the procedural steps. As a buyer, this gives you ample opportunity to focus on other important tasks while the professionals deal with the documentation process on your behalf. 

There are three major phases in a conveyancing transaction. These include the pre-contract, the pre-completion, and the post-completion phases. 

Parramatta is situated in Greater Western Sydney, which is located in New South Wales. It is one of the major commercial centers in this region. Parramatta was established in 1788 and is just as old as Sydney. Being the economic center of Greater Western Sydney, some governmental agencies have relocated from central Sydney to Parramatta. This suburb is 5.3 km²  and only 24 km away from Sydney. According to the 2016 Census of Population and Housing, Parramatta has a population of 25,798. 

Human activity basically started about 30,000 years ago. This is according to radiocarbon data gleaned from the area. Before the Europeans settled in Parramatta, the Darug people lived there. The name Parramatta comes from ‘Burramatta’. One famous incident occurred in Parramatta in the year 1803. It involved a convicted criminal by the name of Joseph Samuel. He was sentenced to death by hanging for murder. The rope broke and slipped off his neck on three different occasions. He was later pardoned on the grounds of divine intervention. 

In Parramatta, a greater proportion of people commute to work by public transport. This is in contrast to nearby Sydney, which has a high car dependency. Major modes of transportation in this city include metro, train, road, light rail, ferry, and bus. 29.8% of the population in Paramatta were born in India. This is more than 24.3% of people born in Australia. People born in China amount to 12% of the population, followed by 2.2% born in the Philippines. 

• Parramatta has a lot of schools, including primary, secondary, and tertiary institutions.
• New South Wales Police Force and Sydney Water are government agencies that have relocated to Parramatta.
• Parramatta has numerous heritage-listed sites

Parramatta Park is a mix of beautiful scenery and a lot of activities to engage in. It has lush greenery, including a variety of tree species and historic buildings to explore. Additionally, it is a perfect spot for walking, cycling, or having a picnic with friends. If you love shopping in large malls, you shouldn’t fail to visit the Westfield Parramatta. It has all the typical stores and some more. 

The Riverside Theatres have perfect sets of theatres of different sizes. Apart from the beautiful venue, the live performances are enthralling. This place will keep you busy and entertained for hours. You can also spend some time at  Lancers Memorial Museum if you so wish. 

Other exciting local attractions and activities to do in Parramatta include: 

• The Lake Parramatta Reserve
• Old Government House
• Spending quality time at the Hambledon Cottage