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
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
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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.Close