apartments.sydney

First Home Buyer Apartments in Parramatta

Second CBD Boom – Apartments from $650k

Parramatta, Sydney
Median: $835k
Yield: 5.5%

Why First Home Buyer Apartments in Parramatta?

Metro West + Light Rail supercharging growth.

Parramatta is particularly well-suited for buyers seeking first home buyer apartments due to its strong market fundamentals, premium positioning, and excellent rental yields.

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Key Benefits

First Home Buyer Grant ($10,000+)
No stamp duty under $800,000
First Home Loan Deposit Scheme (5% deposit)
Lower entry prices than houses
Live in growing suburbs
Build equity from day one

Market Insights

First home buyers represent 32% of Sydney apartment sales, with government incentives making sub-$800,000 apartments 15-20% cheaper than equivalent house purchases after stamp duty savings.

The FHLDS (5% deposit scheme) has opened opportunities for FHBs to enter the market 2-3 years earlier than traditional 20% deposit requirements, particularly in growth suburbs.

Inner-ring apartments within 8km of CBD offer FHBs strong capital growth (7-10% p.a.) while maintaining rental income optionality if owners need to relocate for work.

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