Sydney Olympic Park (postcode 2127) is a smaller residential area in New South Wales within the Parramatta local government area. The area has roughly 4,848 residents and a predominantly early-career demographic, with a median age of 31. Households earn a median income of $103K per year, with an average household size of 2 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.3% 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 Chinese, Korean, English.
Units have a median price of $715,000 (+10% YoY). The current median weekly rent is $830. This gives a gross rental yield of approximately 6.0%. The median monthly mortgage repayment is $2,400.
Public transport access includes 1 rail station, 1 ferry wharf, 18 bus stops. The crime rate in the Parramatta LGA is below average at 3,255 incidents per 100,000 population.
From an investment perspective, Sydney Olympic Park shows a gross rental yield of approximately 6.0%, rated as high yield. Property prices sit below the state median ($715K/$1.5M), which can point to relative value. The price-to-income ratio of 7.0x is considered moderate. House prices have moved +10.0% year-on-year. Population growth of +1.3% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.