Sydney Olympic Park

POSTAL CODE: NSW, 2127
UNIT
SYDNEY OLYMPIC PARK ranks 623rd in NSW when it comes to estimated capital gains experienced by property investors over the past three years.

SYDNEY OLYMPIC PARK, 2127 has a capital gain of -2.22% for the past year, which is lower than average compared to its -6.38% growth within a five-year period.

With the median home price in SYDNEY OLYMPIC PARK sitting at $660,000, and the average rent at $792.5, property owners could potentially earn a 6.24% increase in gross rental yield.

Property investors have seen a -1% drop in SYDNEY OLYMPIC PARK based on a decrease in median home prices for the past three months.

A survey of average capital gains or median home price increase in suburbs across the country shows that SYDNEY OLYMPIC PARK, 2127 obtained a -1.59% decrease over a ten-year period. It ranks 1995th on our list of suburbs that property investors should look into.

Surburb overview

Sydney Olympic Park is located approximately 13 kilometres west of Sydney's Central Business District and falls within the City of Parramatta local government area. The suburb spans an area of 6.63 square kilometres and sits at an elevation of 15 metres above sea level.

According to the 2021 Census, the population of Sydney Olympic Park was 4,848, representing a significant increase from previous years. The demographic profile indicates that 28.4% of residents were born in Australia, with notable communities from China (18.1%) and South Korea (10.3%). Languages spoken at home include English (26.6%), Mandarin (19.6%), and Korean (12.1%).

Public transportation options in Sydney Olympic Park are diverse. Olympic Park railway station serves the suburb, connecting to Lidcombe Station with trains running every ten minutes on weekdays. Additionally, five bus routes provide connections to surrounding suburbs, including Newington, Lidcombe, Burwood, Strathfield, Parramatta, Rhodes, Top Ryde, and Chatswood. Ferry services operate between the Sydney Olympic Park Ferry Wharf, the City, and Parramatta.

Essential establishments in the area include the Sydney Olympic Park Aquatic Centre, which offers a range of swimming programs, and the Qudos Bank Arena, a venue for concerts and various sporting events. The suburb also hosts the Sydney Royal Easter Show annually, drawing a large number of visitors.

Recreational activities are abundant in Sydney Olympic Park. Bicentennial Park provides 40 hectares of parkland, featuring picnic areas, playgrounds, and cycling paths. The Brickpit Ring Walk offers a 550-metre elevated walkway above a protected frog habitat. Other activities include archery sessions at the Sydney Olympic Park Archery Centre and various events held throughout the year.

You’re out of free articles for this month
Loading form...