6/20-22 Peggy Street, Mays Hill, NSW 2145
Auction unless sold prior
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Auction Saturday 17 October 12:00 pmOriginally part of the Parramatta Domain, the area was used for grazing and orchards before residential subdivision began in the late 1800s. It served as a transitional zone between the colonial center of Parramatta and the rural west.
A high-density residential fringe suburb dominated by modern apartment complexes and older townhouses, popular with healthcare workers and young professionals.
How this suburb feels day-to-day.
Dominant dwelling stock.
Typical entry to ceiling.
Mays Hill acts as the 'dormitory' for the Westmead Health Precinct. For buyers, it offers a way to leverage the massive infrastructure spending in Parramatta without the CBD price tag.
$1.3m – $1.8m
$550k – $850k
12-month movement
Current asking rents
The wide gap between house and unit medians reflects the scarcity of land. Houses are now primarily 'land banking' opportunities for future developers.
Price comparison
Median price ÷ median income
Estimated rental yield
While more affordable than the inner west, Mays Hill has seen rapid price escalation. It remains a 'middle-market' option for dual-income professional couples.
Lower = tighter market
Avg time on market
Annual rental increase
Medical staff from Westmead, IT professionals from Parramatta, and international students.
Excellent for cash flow. The constant influx of staff to the Westmead Health Precinct ensures a permanent tenant base with low vacancy risk.
Steady capital growth expected, particularly for properties within the Westmead Public School catchment. Units will likely see more modest growth but high rental returns.
vs last 12 months
Relative comparison
Check building security for apartment complexes and prioritize properties with secure, off-street parking.
Primary risks are environmental (noise/pollution) and planning-related (high-density saturation).
Low risk; mostly elevated terrain, though some local street drainage issues occur during extreme storms.
Negligible risk; fully urbanized area.
Standard premiums apply; no significant environmental loading noted.
Heritage conservation (near Mays Hill Cemetery), Noise Attenuation (M4 corridor).
Great Western Highway corridor and streets bordering Westmead.
R4 zoning means your neighbor's house could become a 6-story apartment block. Always check the shadow diagrams for any unit purchase.
Excellent road access; good bus services; rail is accessible but requires a commute to the suburb boundary.
High; proximity to Westfield Parramatta and local parks like Parramatta Park.
Mays Hill Reserve and the massive Parramatta Park are within walking/cycling distance.
Very High; access to some of Western Sydney's best public and selective schools.
Elite; immediate access to Westmead Public, Westmead Private, and Children's Hospital.
A diverse, upwardly mobile population with a high percentage of residents born overseas (notably India and China).
The high rental population and young age profile indicate a transient but high-earning workforce, supporting strong rental growth.
Dominated by the Westmead Health Precinct redevelopment and Parramatta's evolution into a global city.
Residents value the suburb for its convenience and 'middle ground' location, though many complain about traffic and the lack of a central shopping village.
I walk to Westmead Hospital in 15 minutes. It saves me a fortune in parking and stress.
The apartment is great, but the noise from the Great Western Highway is constant. Make sure you get double glazing.
We moved here specifically for the Westmead Public catchment. The school is amazing and worth the unit living.
It feels like a bit of a 'no-man's land' between Parramatta and Merrylands. We need more local cafes.
I've never had a vacancy longer than a week. The demand from hospital staff is relentless.
The T-Way bus is a lifesaver. I'm in Parramatta CBD in 5 minutes without having to find a park.
Position the property as a 'strategic lifestyle investment' that bridges the gap between the Parramatta CBD and the Westmead Health Hub.
High-yield, low-vacancy play targeting the essential worker demographic.
Capital growth may be sluggish due to high supply; potential for high strata levies in complex buildings.
Unbeatable commute for Westmead workers; modern building features like gyms/pools in some complexes.
Street parking for visitors is almost non-existent; traffic noise can be a major issue.
Ensure all smoke alarms and window safety locks are compliant with NSW legislation, especially in high-rise blocks.
The '15-Minute Suburb'—walk to work, walk to the park, bus to the shops.
First home buyers (25-35), medical professionals, and interstate investors.
This report is for informational purposes only and does not constitute financial or legal advice. Data is based on 2026 projections and historical trends. Buyers should conduct their own independent due diligence.
Auction unless sold prior
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