Joe Mazzaferro
1812/1 Australia Avenue, Sydney Olympic Park, NSW 2127
$749,950 - $799,950
2 2 1
Open Wednesday 10 June 5:30 pm๐๏ธ About This Suburb (Last Updated Date: 2026-03-13)
History, Aboriginal heritage, and the story behind the name.
Sydney Olympic Park โ Darug Country
Originally a site of industrial saltworks and slaughterhouses, the area underwent a massive environmental remediation for the 2000 Olympics. It was formally designated as a suburb in 2009 to facilitate its transition into a permanent residential and commercial precinct. The area is managed by the Sydney Olympic Park Authority (SOPA) under specialized legislation.
A master-planned urban center characterized by high-rise luxury apartments, vast parklands, and world-class sporting infrastructure. It is increasingly popular with young professionals and international investors due to its 'city-within-a-park' feel.
Overall Score
7.4
A strong performing urban precinct with significant infrastructure upside, balanced by high-density risks.
Aboriginal Name
Wanng-alโ "The land of the Wangal people, traditional custodians of the southern shores of the Parramatta River."
Name Origin
Named following the successful bid and hosting of the 2000 Summer Olympic Games.
Established
Gazetted 2009
Green Space
430 hectares of parkland
Future Transit
Sydney Metro West Station site
Olympic Legacy
Home to 7 major sporting venues
๐ Scorecard
12 key dimensions scored 0โ10. Each score includes a one-line explanation.
Market Momentum
6.8
Steady demand driven by the Metro West construction progress and return of international students/workers.
Amenity
9.2
Exceptional access to world-class sporting facilities, concert venues, and extensive regional parklands.
Schools
5.2
Limited options within the immediate precinct; residents typically rely on Wentworth Point or Homebush schools.
Transport
8.5
Excellent current rail and bus links, with a massive uplift expected upon completion of the Metro West.
Risk Profile
4.5
High exposure to apartment market fluctuations and specific concerns regarding cladding and structural defects in some towers.
Liveability
7.8
High quality of life for those seeking an active, low-maintenance lifestyle surrounded by nature.
Demographics
7.2
Dominated by young professional couples and high-income tertiary students.
Rental Demand
8.4
Very high demand due to proximity to major employment hubs in Rhodes, Parramatta, and the CBD.
Growth Potential
7.9
Significant long-term capital growth expected as the Master Plan 2030 matures and Metro connectivity arrives.
Affordability
6.2
Relatively affordable compared to Sydney CBD or Lower North Shore, but high strata levies impact holding costs.
Crime & Safety
7.5
Generally safe with high security presence during events, though large crowds can create localized issues.
Walkability
8.1
Highly walkable internal precinct with wide boulevards and dedicated pedestrian paths.
โก Quick Snapshot
Key metrics at a glance, plus your top advantages and watch-outs.
Property Type
99% Apartments
Almost no detached housing
Median Age
32 years
Younger than NSW average
Median Rent
$880pw
For a typical 2-bed unit
Zoning
B4 Mixed Use
High density residential/commercial
Cycling
35km
Of dedicated cycle pathways
Train to CBD
28 mins
Via Lidcombe or Strathfield
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Key Advantages
- Unrivaled access to elite sporting and recreational facilities
- Massive future capital growth potential via Sydney Metro West
- High-quality master-planned environment with significant green space
- Strong rental yields and low vacancy rates for investors
- Modern building stock with premium amenities like pools and gyms
โ ๏ธ Key Watch-Outs
- Extreme congestion and noise during major stadium events
- High strata levies due to complex building systems and facilities
- Lack of a traditional 'village' feel or major supermarket in the core
- History of structural/cladding issues in some high-profile buildings
- Limited primary and secondary school options within walking distance
๐๏ธ Suburb Overview
Character, property mix, price range and what drives value here.
๐๏ธ Character
Urban Professional
How this suburb feels day-to-day.
๐ Property Types
Exclusively high-rise apartments and some modern townhouses.
Dominant dwelling stock.
๐ฐ Price Range
$620k – $1.6m
Typical entry to ceiling.
๐ก Why It Matters
Sydney Olympic Park is a unique government-led precinct. Unlike standard suburbs, its development is strictly controlled by the Sydney Olympic Park Authority, ensuring high-quality public domains but also creating a unique regulatory environment for owners.
๐ฐ Price Guide & Market Trends
Medians, rental market, 5-year history and property split.
๐ House Median
—
N/A - No detached houses
๐ข Unit Median
$845,000
$620k – $1.55m
๐ Price Trend
+5.2% past 12 months
12-month movement
๐ Weekly Rents
Units $720pw (1-bed) to $1,100pw (3-bed)
Current asking rents
๐ 5-Year Price History
๐๏ธ Property Type Split
The market is entirely unit-based. Capital growth is historically slower than houses but is currently being buoyed by the 'Metro Effect' and the scarcity of new high-quality completions.
๐ฏ Affordability
How this suburb compares to metro and state medians.
๐๏ธ vs Metro Average
12% below Sydney unit median
Price comparison
๐ Income Ratio
7.8x annual income
Median price รท median income
๐ณ Gross Yield
5.1% gross yield
Estimated rental yield
More AffordableModeratePremium
Entry levelMid rangePremium
While purchase prices are accessible for professionals, the total cost of ownership is elevated by high strata fees and parking levies.
๐ฅ Rental Demand
Vacancy rates, demand pressure, tenant profile, and investor outlook.
๐ Vacancy Rate
1.4%
Lower = tighter market
โฑ๏ธ Days to Lease
16 days
Avg time on market
๐ Rent Growth p.a.
+9.5%
Annual rental increase
Demand LevelVery High
๐ค Tenant Profile
Corporate professionals, healthcare workers from nearby hospitals, and international students.
๐ผ Investor Outlook
Strong. The combination of high yields and the upcoming Metro West station makes this a top-tier defensive investment with growth upside.
๐ Growth Potential
Historical capital growth, infrastructure pipeline, and 5-year outlook.
+5.2%
1-Year Growth
+14.5% cumulative
3-Year Growth
+22% cumulative
5-Year Growth
๐ Growth Drivers
- Sydney Metro West station delivery (est. 2030-2032)
- SOPA Master Plan 2030 increasing residential population
- Ongoing commercial relocation of major banks and corporates to the precinct
- Proximity to the Parramatta 'Second CBD' growth
- Limited new supply due to strict planning controls
โ Headwinds
- Interest rate sensitivity in the first-home buyer segment
- Perception of building quality issues in the wider Olympic Park/Wentworth Point area
- Competition from new developments in nearby Rhodes and Parramatta
๐ฎ 5-Year Outlook
Expect outsized capital growth as the Metro station nears completion. The precinct will shift from a 'weekend destination' to a primary residential hub, narrowing the price gap with the Inner West.
๐ก๏ธ Crime & Safety
Safety index, trend comparison, and what to check locally.
7.5
Safety Score
Above Average
๐ Trend
Stable
vs last 12 months
๐๏ธ vs Metro Average
18% below metro average crime rate
Relative comparison
Risk Categories
Theft: Medium Assault: Low Property Damage: Low
๐ What to Check Locally
Safety is high due to extensive CCTV and private security patrols. The main concern is opportunistic theft from parked cars during major stadium events.
โ ๏ธ Risk Profile
Natural hazards and planning risks to verify before buying.
๐ Summary
The primary risks are structural (building defects) and financial (high strata levies). Environmental risks are low due to modern engineering.
๐ Flood Risk
Low risk; the area is highly engineered for drainage, though some low-lying parklands are designed to retain water.
๐ฅ Bushfire Risk
Negligible risk.
๐ฆ Insurance Impact
Standard premiums apply, though buildings with known combustible cladding issues face significantly higher premiums.
๐บ๏ธ Planning & Zoning
Development controls, overlays, and what's changing locally.
๐ Typical Zoning
B4 Mixed Use / SP1 Special Activities
๐ฒ Overlays
Design Excellence, Flood Planning, Remediation Land
๐๏ธ Development Hotspots
The 'Central Precinct' around the future Metro station.
Development is governed by the Sydney Olympic Park Authority (SOPA) rather than standard council, leading to more cohesive but rigid planning outcomes.
๐ณ Liveability
Day-to-day experience โ transport, amenity, green space, schools and healthcare.
๐ Transport
Current heavy rail is efficient for events; Metro West will be a game-changer for daily commuting.
๐๏ธ Amenity & Retail
World-class. Access to the Aquatic Centre, Tennis Centre, and various stadiums is a major drawcard.
๐ฒ Parks & Recreation
Exceptional. Bicentennial Park offers some of the best walking and cycling tracks in Sydney.
๐ซ Schools
A weak point. Most families look toward Newington Public or private schools in Strathfield.
๐ฅ Healthcare
Good proximity to Concord Hospital and various private clinics in Rhodes.
๐ฅ Demographics
Who lives here โ income, age, ownership, and education levels.
A highly educated, multicultural, and upwardly mobile population of young professionals.
๐ต Median Income
$108,000 pa
๐ Ownership
32% owner-occupied, 68% renting
๐ Age Profile
Median age 32
๐ Education
62% hold a Bachelor degree or higher
๐ Age Distribution
The high rental percentage ensures a liquid rental market but can lead to lower community cohesion compared to established leafy suburbs.
๐๏ธ Major Developments
Infrastructure pipeline and what it means for values and liveability.
๐ Overview
The precinct is undergoing a transition from an event-only site to a 24/7 mixed-use neighborhood.
๐ Positive Impacts
- Sydney Metro West station construction
- New retail and dining precinct planned for the Metro core
- Expansion of commercial office space attracting high-value tenants
๐ Negative Impacts
- Construction noise and dust for the next 4-6 years
- Increased traffic congestion during the build phase
๐บ๏ธ Nearby Suburb Comparison
How neighbouring suburbs stack up on price, lifestyle and who they suit.
๐Wentworth Point
Position North
Price Slightly cheaper
Lifestyle Waterfront focus, no train station (ferry/bus only).
Best for Lifestyle seekers who don't mind a longer commute.
๐Newington
Position West
Price More expensive (houses)
Lifestyle Low-rise, family-oriented, former Olympic village.
Best for Families wanting backyards and local schools.
๐Rhodes
Position East
Price More expensive
Lifestyle Major shopping mall, established train line, high density.
Best for Shoppers and those wanting a more 'established' urban feel.
๐Concord West
Position South-East
Price Significantly more expensive
Lifestyle Traditional suburban houses, quiet streets.
Best for Upsizers looking for long-term family homes.
๐ Similar Suburbs
Suburbs with a comparable profile โ useful if this one is over budget or sold up.
Green Square
NSW
7.8/10
High-density urban renewal precinct with a focus on modern apartments and transit.
Docklands
VIC
6.9/10
Master-planned waterfront/event precinct with high-rise living and corporate offices.
Macquarie Park
NSW
7.6/10
Mix of high-tech commercial, university, and rapid high-density residential growth.
Rhodes
NSW
7.5/10
Neighboring high-density peninsula with similar demographic and property profiles.
๐ฌ Community Sentiment
Aggregated themes from resident discussions, forums and local feedback.
๐ Overall Community Sentiment
Residents love the 'holiday' feel of the parklands and the modern buildings, but express frustration with event-day traffic and the lack of a major supermarket.
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Active Lifestyle
I can walk out of my apartment and be on a world-class running track in 2 minutes. The green space is unbeatable for Sydney.
Parks Health
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Connectivity
The train is okay now, but I bought here specifically for the Metro. Once that opens, my commute to the city will be halved.
Future Value Transport
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Event Disruptions
Living here during the Royal Easter Show or a major concert is a nightmare. Traffic is blocked and it's very noisy.
Noise Crowds
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Rental Yield
I've never had a vacancy longer than a week. The demand from young professionals is incredibly consistent.
Yield Demand
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Shopping/Dining
We really need a proper Woolworths or Coles. Having to drive to Newington or Rhodes for a big shop is annoying.
Retail Convenience
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Building Quality
My building is great, but I know people in the tower next door who have had massive issues with leaks and cladding.
Modernity Construction
๐ก Tailored Advice
Personalised guidance for every role in this market.
๐งโ๐ผ Buyer Strategy
- Prioritize buildings completed after 2020 or those with a clear, documented history of cladding rectification.
- Check the SOPA Master Plan 2030 to ensure your 'view' isn't slated for a future high-rise tower.
- Factor in high strata levies (often $1,500-$2,500 per quarter) into your borrowing capacity.
- Look for apartments with two car spaces; they are rare in this precinct and hold value significantly better.
- Visit the suburb during a major event (e.g., a concert at Accor Stadium) to understand the noise and traffic impact.
โ Questions to Ask the Agent
- Has this building ever been issued with a Fire Safety Order or a Building Work Rectification Order?
- What is the current status of the combustible cladding on this specific tower?
- Are there any planned developments on the adjacent lots that will obstruct the current views?
- What percentage of the building is currently owner-occupied versus tenanted?
- Is the building on an embedded network for electricity or gas?
- How does the strata manage parking and security during major stadium events?
- What are the average quarterly strata levies and what do they specifically cover?
- Is there a building manager on-site 24/7?
๐ท๏ธ Seller Strategy
- Highlight the proximity to the future Metro station as the primary selling point for capital growth.
- Ensure all strata records regarding building safety are transparent and readily available to avoid spooking buyers.
- Target marketing toward investors by emphasizing the high rental yields and low vacancy rates.
- Stage the property to appeal to 'urban professionals'—clean, minimalist, and tech-ready.
- Time your sale to avoid the Christmas/New Year lull when the precinct can feel quiet.
๐ฃ Positioning Tips
Position the property as a 'future-proof investment' or a 'lifestyle sanctuary' that bridges the gap between the Parramatta and Sydney CBDs.
๐ผ Investment Case
High-yield, high-growth play anchored by massive state government infrastructure spend.
โ ๏ธ Investment Risks
Over-supply of similar 2-bedroom stock and high ongoing maintenance costs in complex towers.
๐ Action Plan
- Target 2-bedroom, 2-bathroom configurations with a view.
- Verify the sinking fund balance of the strata scheme.
- Focus on buildings within 400m of the future Metro station site.
- Consider 'dual-key' apartments if available for maximum yield flexibility.
๐ Renter Tips
- Negotiate for a parking spot even if you don't have a car; street parking is almost impossible during events.
- Check if the building has an embedded energy network, which can sometimes be more expensive.
- Ask about the building's move-in/move-out policies, as they are often very strict in high-rises.
๐๏ธ What Renters Love Here
Access to incredible gyms, pools, and parklands included in the rent.
โ ๏ธ Renter Watch-Outs
Significant noise during stadium events and potential for fire alarm testing/evacuations in large towers.
๐ข Landlord Strategy
- Offer long-term leases (12-24 months) to attract stable corporate tenants.
- Ensure high-speed internet (FTTP) is available and working perfectly.
- Keep up with preventative maintenance on air conditioning units, a common tenant complaint.
๐ Compliance & Management
Strict adherence to NSW smoke alarm and window safety lock legislation is mandatory and frequently audited in this precinct.
๐ค Agent Insights
- The market is highly sensitive to 'Metro' news cycles.
- Buyers are increasingly asking for 'Strata Inspection Reports' before even attending a second viewing.
- Owner-occupiers are looking for 'house-sized' apartments (100sqm+ internally).
๐ฏ Marketing Angles
The '15-minute city' lifestyle and the 'Olympic Legacy' of health and wellness.
๐ค Target Buyer Profile
Young professional couples (28-40) and savvy long-term investors.
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Due Diligence Checklist
Tap items to tick them off. Don't skip these before signing anything.
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Review the SOPA Master Plan 2030 for future height limits nearby.โ
Order a comprehensive Strata Inspection Report (critical for this suburb).โ
Check the NSW Fair Trading Project Intervene list for the developer/builder.โ
Verify the distance to the future Sydney Metro West station entrance.โ
Confirm the apartment's internal square meterage (excluding balcony/parking).โ
Test mobile phone reception and internet speeds inside the specific unit.โ
Check the 'Special Levies' history in the strata minutes.โ
Inspect the basement for any signs of water ingress or structural cracking.โ
Verify the school catchment zones (they can be counter-intuitive here).โ
Assess the noise levels from the train line or nearby stadiums.โ
Check for any 'Event Day' parking restrictions on the title.โ
Review the sinking fund forecast for the next 10 years.๐ Government Sources & Disclaimer
Official council and government links only. Always verify independently before any property decision.
๐ sydneyolympicpark.com.au ๐ planningportal.nsw.gov.au ๐ abs.gov.au ๐ cityofparramatta.nsw.gov.au ๐ nsw.gov.au
โ ๏ธ Important Disclaimer
This report is based on data available as of March 2026 and contains projections. Property investment involves risk. Buyers should conduct their own independent financial, legal, and structural due diligence before proceeding with a purchase.
