Sydney Olympic Park is a smaller suburb in New South Wales within the Parramatta local government area (postcode 2127). With a population of 4,848, the suburb has a young professional demographic with a median age of 31. Households earn a median income of $103K per year, with an average household size of 2 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are Chinese, Korean, English.
The median house price in Sydney Olympic Park is $4.5 million, having dropped significantly 63.7% over the past year. Units have a median price of $724,000 (+8.1% YoY). The current median weekly rent is $770. This gives a gross rental yield of approximately 0.9%. 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 3,186 incidents per 100,000 population.
From an investment perspective, Sydney Olympic Park offers a gross rental yield of 0.9%, rated as low yield. Property prices are above the state median ($4.5M/$1.5M), placing it in the premium segment. The price-to-income ratio of 43.3x is considered stretched. House prices have moved -63.7% year-on-year.
Sydney Olympic Park is a smaller suburb in New South Wales within the Parramatta local government area (postcode 2127). With a population of 4,848, the suburb has a young professional demographic with a median age of 31. Households earn a median income of $103K per year, with an average household size of 2 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are Chinese, Korean, English.
The median house price in Sydney Olympic Park is $4.5 million, having dropped significantly 63.7% over the past year. Units have a median price of $724,000 (+8.1% YoY). The current median weekly rent is $770. This gives a gross rental yield of approximately 0.9%. 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 3,186 incidents per 100,000 population.
From an investment perspective, Sydney Olympic Park offers a gross rental yield of 0.9%, rated as low yield. Property prices are above the state median ($4.5M/$1.5M), placing it in the premium segment. The price-to-income ratio of 43.3x is considered stretched. House prices have moved -63.7% year-on-year.