Giving property investors a an unimpressive capital gain of 0.71% for the last year, Centennial Park, 2021 is the 1119th highest performer in Australia in this respect.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Centennial Park has increased when compared to the 5 year average annual rate.
Renters in Suburb are facing rents around $6510 per annum or $542.5 every week.
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