Parramatta* is the centre of Sydney...

Discussion in 'Property Market Economics' started by Gockie, 6th Nov, 2015.

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  1. Gockie

    Gockie Life is good ☺️ Premium Member

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    I wrote in another thread,

    "On a population basis, the middle of Sydney is actually 4km east of Parramatta, in Rydalmere/Ermington. So Parramatta is pretty much at the centre of Sydney's population. Residents feel the pull of the east as high-rise living makes up ground | smh.com.au"

    I just remembered... Rydalmere/Ermington is in Parramatta's Local government area. So the centre of Sydney's population is... wait for it.... is truly in Parramatta*....:eek:
    Mindblown...

    *LGA, that is.
     
    Gockie, 6th Nov, 2015
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  2. Biz

    Biz Well-Known Member

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    Where is gods country?
     
    Biz, 6th Nov, 2015
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  3. spludgey

    spludgey Well-Known Member

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    The amount of building going on in Parramatta is absolutely insane, I can probably see around 20 cranes from my office.

    I still really don't like Parramatta, but hopefully the ongoing gentrification will change that.

    I'm guessing for my house price it's good being within 10km of the second CBD.

    [​IMG]
     

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    spludgey, 6th Nov, 2015
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  4. See Change

    See Change Well-Known Member

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    So what in the middle , the drainhole or the .....hole ....

    Cliff
     
    See Change, 6th Nov, 2015
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  5. sash

    sash Well-Known Member

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    Now now Cliffy...be noice....
     
    sash, 6th Nov, 2015
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  6. Simon Hampel

    Simon Hampel Founder Staff Member

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    From memory, the population centre of Sydney used to be slightly further west.

    Seems the recent infill-development in the inner suburbs is having an effect of centralising the population a bit more.
     
    Simon Hampel, 6th Nov, 2015
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  7. neK

    neK Well-Known Member

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    Yay for Ermington!

    I still don't get what this centre of Sydney thing means though.
    Is my property worth more as a result?
    If not I aint really interested :p
     
    neK, 6th Nov, 2015
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  8. euro73

    euro73 Well-Known Member Business Member

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    Yes I think houses on good sized blocks within 3-4KM of Parramatta will do well over the next 10-15 years. Initially Parramatta will have a tsunami of apartments and office space and wont do much - there's just so much supply coming.... but like night follows day, the gentrification of Harris Park, Rosehill, North Parramatta etc will follow ... actually its already started. And then will come the cool restaurants and bars and what not...

    Parramatta already has well established rail, will see further improvements from light rail - has arguably one of Sydney's bigger retail and restaurant precincts... and once the Parramatta multi billion dollar city centre rebuild is complete and the riverfront rejuvenation is complete, I think it will probably do quite well... But that's all several years off yet
     
    euro73, 6th Nov, 2015
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  9. HUGH72

    HUGH72 Well-Known Member

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    It starts about 900kms north.;)
     
    HUGH72, 6th Nov, 2015
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  10. larrylarry

    larrylarry Well-Known Member

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    I should have bought a crappy shed in Ermington or dundas Valley years ago..now average house is greater than a million. Rydalmere house price is crazy. Got in at a good time. :)
     
    larrylarry, 6th Nov, 2015
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  11. Gockie

    Gockie Life is good ☺️ Premium Member

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    My parents should have held Dundas Valley because in the 18 years since, that property went up on average 12% per year...
     
    Gockie, 6th Nov, 2015
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  12. larrylarry

    larrylarry Well-Known Member

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    The suburbs here are getting better and more and more apartments. My friend on station St who owns a townhouse together with her 3 neighbours sold to developers.
     
    larrylarry, 6th Nov, 2015
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  13. larrylarry

    larrylarry Well-Known Member

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    We took the kids to Parramatta River... Wow they have improved the area long the river with playground etc...near the river cat wharf. I think if the Parramatta River is peppered with restaurants and cafes facing the river will make it even better than just the boring office buildings. Church St is good but riverside even better.
     
    larrylarry, 11th Nov, 2015
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  14. samiam

    samiam Well-Known Member

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    we almost bought otp at riverside, before pc days..
     
    samiam, 11th Nov, 2015
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  15. D.T.

    D.T. Specialist Property Manager Business Member

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    Both of you - I wonder what you'll be saying in 18yrs time about the property you did buy or should have bought today :p
     
    D.T., 11th Nov, 2015
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  16. Gockie

    Gockie Life is good ☺️ Premium Member

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    I do not plan to do the same as my parents. :)
     
    Gockie, 11th Nov, 2015
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  17. larrylarry

    larrylarry Well-Known Member

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    hindsight is a wonderful thing... i'm watching harris park....
     
    larrylarry, 11th Nov, 2015
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  18. Tekoz

    Tekoz Well-Known Member

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    @samiam what makes you back out then ?
     
    Tekoz, 12th Nov, 2015
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  19. samiam

    samiam Well-Known Member

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    SS and PC threads about OTP. won't finish till early next year I think.. only time will tell :rolleyes:
     
    samiam, 12th Nov, 2015
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  20. Befuddled

    Befuddled Well-Known Member

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    I think you'll find the boat has sailed on that one. On houses anyway
     
    Befuddled, 12th Nov, 2015
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