Centennial Park has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 13.39% to date .
When looking at the potential capital gains offered to property investors over the last 3 years, Centennial Park comes in at number 146th in NSW.
Property buyers and investors in Centennial Park 2021 should be seeing an average reduction in asking price of around -0.38% . This means that Centennial Park is holding prices well when compared to other suburbs in NSW.
With the median price for a house in Centennial Park being $800000 and the advertised rent reaching $550 the gross rental yield for property investors calculates out to be 3.57%
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