Sydney Olympic Park, 2127 ranked 432th in NSW when comparing growth in median property values or capital gain over the last 12 months. Sydney Olympic Park is one of 3163 in our list for NSW
The five-year average increase in median property values for Sydney Olympic Park,2127 has given property investors a potential capital gain of -5.54% across each of those five years.
LACK OF BUYER INTEREST may well be the reason that Sydney Olympic Park is offering property investors an average of -6.57. This rate of discount on properties puts Suburb at number 23th in terms of most discounted suburbs in NSW
A $570 per week rent on the median house gives suburb investors a gross yield of circa 4.24%, without taking into account capital value appreciation, which has been averaging out at 3.56%.
Information supplied by:
Sydney Olympic Park, NSW – Unit supply falls
Median unit price: $764,000
Stock on market: -26.7%
12-month growth: -3.7%
Sydney Olympic Park was initially developed for the Sydney Olympic Games held in 2000, but it has become an official suburb within the Greater Sydney region. In the two decades since the end of the Games, the suburb has become a bustling commercial hub.
Sydney Olympic Park is 15km from the CBD, and retains many of the sports and entertainment facilities constructed for the Games, making it a destination for major events including music festivals, the Sydney 500 and the Sydney Royal Easter Show. There is also a wealth of parklands in this area; following a period of redevelopment, Blaxland Riverside Park is now an urban park while playground facilities were added to Wentworth Common.