Centennial Park (postcode 2021) is a compact suburb in New South Wales within the Sydney local government area. It is home to about 2,225 residents, with a mix of young professionals and families and a median age of 36. Households earn a median income of $112K per year, with an average household size of 1.9 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.8% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, clerical & administrative. Employment in the area leans toward professional services and healthcare. The top ancestries reported are English, Australian, Irish.
Median house prices in Centennial Park stand at $9.5 million, having jumped by 77.6% over the last twelve months. Units have a median price of $820,000 (-13.7% YoY). The current median weekly rent is $885. This gives a gross rental yield of approximately 0.5%. The median monthly mortgage repayment is $2,466.
Public transport access includes 1 tram stop, 12 bus stops. The crime rate in the Sydney LGA is moderate at 7,608 incidents per 100,000 population.
From an investment perspective, Centennial Park shows a gross rental yield of approximately 0.5%, rated as low yield. Property prices are above the state median ($9.5M/$1.5M), placing it in the premium segment. The price-to-income ratio of 84.8x is considered stretched. House prices have moved +77.6% year-on-year. Population growth of +1.8% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.