Suburb Profile Report for Sydney Olympic Park NSW (2127)

Sydney Olympic Park Unit: Median price $700,000, Annual capital growth 2.16%, Number of sales 55, Weekly median advertised rent $570

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

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

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  • Unit Report

At number 1326th in the list of Australian suburbs ordered by increase in median house value over the last year, Sydney Olympic Park, 2127 is in the BOTTOM 20% with a property value increase of -10.03% recorded in median house prices.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Sydney Olympic Park has fallen somewhat when compared to the 5 year average annual rate.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Sydney Olympic Park, 2127. Typically our figures indicate that -8.40% is being offered, which puts this NSW suburb at 101th most discounted overall in Australia.

A $570 per week rent on the median house gives suburb investors a gross yield of circa 4.23%, without taking into account capital value appreciation, which has been averaging out at 2.16%.

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Sydney Olympic Park, NSW – Unit supply falls

Postcode: 2127

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.

Metrics i HOUSE UNIT
N/A $700,000
N/A 0.00%
N/A -10.03%
N/A 2.16%
N/A $570
N/A 55
N/A 4.23%
N/A 94.8888888888889

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Poor (H), Poor (U)
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Demographics
Total population 64
Median household income ($/weekly) 0
Median age of persons 31
Median housing loan repayment ($/monthly) 0
Average household size 0
  • Census Count Percent(%)
    0-4 years 6 9.1
    5-14 years 10 15.2
    25-34 years 14 21.2
    35-44 years 12 18.2
    45-54 years 7 10.6
    Others 17 25.8
    Age Group
    Census Count Percent(%)
    Registered Married 0 NaN
    Defacto Relationship 0 NaN
    Not Married 0 NaN
    Social Marital Status
  • Census Count Percent(%)
    Australia 21 47.7
    Croatia 8 18.2
    Fiji 3 6.8
    Greece 3 6.8
    United Kingdom 6 13.6
    Others 3 6.8
    Country of Birth
    Census Count Percent(%)
    Christianity 26 70.3
    No Religion 11 29.7
    Buddhism 0 0.0
    Hinduism 0 0.0
    Islam 0 0.0
    Others 0 0.0
    Religious Affiliation
  • Census Count Percent(%)
    Negative/Nil income 0 NaN
    $1-$199 0 NaN
    $200-$299 0 NaN
    $300-$399 0 NaN
    $400-$599 0 NaN
    Others 0 NaN
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 21 67.7
    Employed, worked part-time 6 19.4
    Not in the labour force 4 12.9
    Employed, away from work 0 0.0
    Unemployed, looking for work 0 0.0
    Person Characteristics
  • Census Count Percent(%)
    Technicians & trades workers 9 36.0
    Managers 8 32.0
    Sales 8 32.0
    Professionals 0 0.0
    Community & personal service workers 0 0.0
    Others 0 0.0
    Occupation
    Census Count Percent(%)
    Technical or Further Educational Institution 9 75.0
    Pre-school 3 25.0
    Infants/Primary 0 0.0
    Secondary 0 0.0
    University or other Tertiary Institutions 0 0.0
    Others 0 0.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 0 NaN
    Semi-detached, row or terrace house, townhouse 0 NaN
    Flat, unit or apartment 0 NaN
    Caravan, cabin, houseboat 0 NaN
    Improvised home, tent, sleepers out 0 NaN
    Others 0 NaN
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 0 NaN
    Being purchased 0 NaN
    Rented 0 NaN
    Other tenure type 0 NaN
    Tenure Type
Census 2011, ABS
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