Suburb Profile Report for Centennial Park NSW (2021)

Centennial Park Unit: Median price $808,000, Annual capital growth 9.32%, Number of sales 42, Weekly median advertised rent $550

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • Unit Report
  • Expert Report

Investment property in Centennial Park has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 11.45%

Over the longer term, Centennial Park has seen property prices show investors a 34.67% return over the last 3 years. This is worse than over the last 12 months

Information supplied by:


March 2017

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Likely due to its nearness to the CBD, apartments in Centennial Park do not come cheap, with a median of over $750,000. They remain in high demand, with sellers providing an average discount of less than 2%.Full summary

Parkland suburb offers a lush lifestyle

Median unit price: $760,000

Three-year growth: 43.80%

Rental yield: 3.76%

Just a few kilometres from the Sydney CBD is the suburb of Centennial Park, a popular destination with locals and visitors alike due to its parkland and vast open space.

Likely due to its nearness to the CBD, apartments in Centennial Park do not come cheap, with a median of over $750,000. They remain in high demand, with sellers providing an average discount of less than 2%. Many of these apartments were developed in the 1960s and 1980s.

Growth has been sustained over the past five years, with the average annual growth rate clocking in at 8%. Furthermore, the average vacancy rate fell by almost 1% over the past year.

Though there are few actual properties in the suburb, there are various recreational facilities in Centennial Park that allow local and surrounding residents to take advantage of its environment, including a sporting oval and Fairland Pavilion. There are also many heritage-listed architectures.
 

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Metrics i HOUSE UNIT
N/A $808,000
N/A -1.76%
N/A 11.45%
N/A 9.32%
N/A $550
N/A 42
N/A 3.54%
N/A N/A

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (U)
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Demographics
Total population 2105
Median household income ($/weekly) 1713
Median age of persons 35
Median housing loan repayment ($/monthly) 2323
Average household size 1.8
  • Census Count Percent(%)
    25-34 years 635 30.2
    35-44 years 377 17.9
    45-54 years 242 11.5
    55-64 years 228 10.8
    65-74 years 150 7.1
    Others 474 22.5
    Age Group
    Census Count Percent(%)
    Not Married 935 56.1
    Registered Married 456 27.3
    Defacto Relationship 277 16.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 1211 63.7
    Italy 40 2.1
    Papua New Guinea 58 3.0
    United Kingdom 170 8.9
    Other 183 9.6
    Others 240 12.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 56 3.1
    Christianity 1034 56.4
    Islam 20 1.1
    Judaism 101 5.5
    No Religion 613 33.4
    Others 10 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 91 9.4
    $1,250-$1,499 79 8.2
    $1,500-$1,999 144 14.9
    $2,500-$2,999 145 15.0
    $4,000 or more 83 8.6
    Others 426 44.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1018 58.5
    Not in the labour force 336 19.3
    Employed, worked part-time 295 17.0
    Employed, away from work 53 3.0
    Unemployed, looking for work 38 2.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 234 17.2
    Professionals 553 40.6
    Community & personal service workers 95 7.0
    Clerical & administrative workers 215 15.8
    Sales 101 7.4
    Others 164 12.0
    Occupation
    Census Count Percent(%)
    Pre-school 20 5.0
    Infants/Primary 66 16.6
    Secondary 66 16.6
    Technical or Further Educational Institution 51 12.8
    University or other Tertiary Institutions 179 45.0
    Others 16 4.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Flat, unit or apartment 1321 70.9
    Separate house 298 16.0
    Semi-detached, row or terrace house, townhouse 243 13.1
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 550 53.8
    Being purchased 257 25.1
    Fully owned 212 20.7
    Other tenure type 3 0.3
    Tenure Type
Census 2011, ABS
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