Centennial Park vs Woollahra.
Comparing two suburbs with median house prices of $9,500,000 and $5,250,000. Woollahra edges out on more headline metrics in this comparison.
Woollahra (median $5,250,000) is roughly 81% cheaper to buy into than Centennial Park ($9,500,000). Over the past year, Woollahra (+24.7%) ran 24.7 percentage points ahead of Centennial Park (0%) on house-price growth.
On school quality, the average ICSEA across schools serving Woollahra (1162) sits above Centennial Park (1158). Woollahra skews owner-occupied (60%), Centennial Park runs more rental-dense (43% owner).
For buyers
Woollahra is the lower entry point at $5,250,000 median, 81% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
For investors
Woollahra carries both higher gross yield (2.08% vs 0.82%) and stronger 12-month growth. On the headline numbers, it's the cleaner investor case of the two.
For families
Woollahra edges out on average school ICSEA (1162 vs 1158). Woollahra also has a higher family-household share (60% vs 47%), so the catchment community skews family-heavy.
Common questions
Is Centennial Park or Woollahra cheaper to buy in?
Woollahra has the lower median house price at $5,250,000, roughly 81% below Centennial Park ($9,500,000). The gap on units is usually similar but worth checking on the full suburb profiles.
Which has stronger property growth, Centennial Park or Woollahra?
Over the past 12 months, Woollahra grew +24.7% vs 0% in Centennial Park, a gap of 24.7 percentage points. Twelve-month growth can swing year to year, so weight long-run trends from the individual suburb profiles before making a buy decision.
Does Centennial Park or Woollahra have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), Woollahra scores 1162 vs 1158 in Centennial Park. ICSEA is a school-community indicator, not a quality rating, so always check NAPLAN results and catchment boundaries for the specific address you're considering.
Which suburb has higher rental yield, Centennial Park or Woollahra?
Gross rental yield on houses is 2.08% in Woollahra vs 0.82% in Centennial Park. Gross yield equals annual rent divided by purchase price. Net yield (after strata, rates, insurance, agent fees and maintenance) typically runs 1.5-2 percentage points lower.
The numbers behind the take
Price & Market
Rental
Lifestyle & Demographics
Risk & Hazard
Schools
Climate
Green dot = better on that metric (lower price, higher growth, higher walkability, lower risk).
Compare Centennial Park against another suburb