Covers Centennial Park, Moore Park and Paddington.
A postcode. New South Wales reports rents by postcode and by council area, never by suburb, so a postcode is the smallest area we can show here.
Net overseas migration was the largest component of that change.
Dwelling approvals were +147.9% against the twelve months before. Approvals are permission to build, not completed dwellings.
Completions in the March quarter 2026 were equivalent to 86% of commencements, for New South Wales. These figures compare pipeline flows and do not track individual approved dwellings through construction.
Achieved rents moved +3.0% over the year, against +5.9% for the middle postcode in New South Wales.
These signals are shown separately so you can see what is driving the market. Explore them under Demand & supply below.
At $850 a week, Postcode 2021 is higher than 74% of the 347 NSW postcodes we hold.
Half of new leases in Postcode 2021 were between $640 and $1,225 a week — a quarter came in under $640, and a quarter above $1,225.
Rents there are up 3.0% over the past year, slower than the typical NSW postcode (up 5.9%).
Based on 261 new leases, which is a large enough sample to be steady quarter to quarter.
The most common new lease there was a one-bedroom unit or flat, at $688 a week across 88 of them.
Houses there rent for $1,500 and units for $748, so the figure above sits between two different markets.
In June quarter 2026, the median weekly rent fell 5.6% on the quarter before, from $900 to $850. Across the 35 quarterly changes held here, 14 were larger.
Six signals show how demand, supply and rents are moving. Open Data & method on any signal for the figures, rule and source behind it.
No population or migration evidence can be mapped to Postcode 2021. No measurement and no defensible mapping for a postcode. Broader evidence for New South Wales is shown where it exists.
Not enough evidence
How fast the population is growing, against the national rate.
no population growth rate for this market
Net overseas migration
Which component moved the population most over the latest year the ABS splits it.
| Natural increase, 2021 | +79 | the year to 30 June 2025 |
|---|---|---|
| Net internal migration, 2021 | −238 | the year to 30 June 2025 |
| Net overseas migration, 2021 | +282 | the year to 30 June 2025 |
The largest of natural increase, net internal migration and net overseas migration by absolute size, so a large outflow is named rather than hidden inside a net total. This states which component was largest. It says nothing about why anyone moved.
Expanding
Whether dwelling approvals are running above or below the year before.
| Dwellings approved, weighted into 2021 from the areas the ABS counts | 8 | June quarter 2026 |
|---|---|---|
| The twelve months before, weighted into 2021 from the areas the ABS counts | 3 | a year earlier |
| Change on the year before, 2021 | +147.9% | June quarter 2026 |
Expanding above +10%, contracting below −10%, stable in between, comparing twelve months of approvals against the twelve before them. An approval is permission to build, not a dwelling. Where a market is smaller than the areas the Australian Bureau of Statistics counts approvals for, this is a blend of those areas' own changes, weighted by how much of each the market covers — not a count of approvals here.
Moderate
How much housing is being finished, against how much is being started.
| Dwellings completed, New South Wales | 8,883 | March quarter 2026 |
|---|---|---|
| Dwellings started, New South Wales | 10,373 | March quarter 2026 |
| Completions as a share of commencements | 86% | March quarter 2026 |
Strong at or above 95% of commencements, weak below 80%, moderate in between — completions in the quarter compared with commencements in the same quarter, both stated beside this rule. These figures compare pipeline flows and do not track individual approved dwellings through construction.
Low
How fast achieved rents are rising, against the rest of the state.
| Rent change over a year, Postcode 2021 | +3.0% | June quarter 2026 |
|---|---|---|
| Rent change over a year, the middle postcode in New South Wales | +5.9% | June quarter 2026 |
High when rents rose at least one percentage point faster than the state, low when at least a point slower, moderate in between. Compared against the state rather than the nation because each bond authority defines its own series: changes compare, levels do not.
Not enough evidence
How much of this market's picture was measured at this market's own geography.
no demand evidence can be mapped to this market
Observed sales: settlements recorded by the state, not asking prices and not a valuation model. The median describes the sales that settled in the quarter — an observed sample, which is why every figure here carries its count where the publisher released one.
In March quarter 2026, the median sale price rose 3.3% on the quarter before, to $2,453,000.
Over the year to March quarter 2026, it moved down 13.3%.
Sales demand not measured. The settlement counts above say how many sales the publisher recorded, not how many buyers were competing for them, and APRIQ has no validated method that could turn one into the other — so no sales-demand reading is offered rather than an invented one. The demand evidence APRIQ does hold is population-based, under Demand.
The split the publisher reports. Strata and non-strata are title types rather than dwelling types — but in practice non-strata sales are mostly houses, and strata sales are mostly units, flats and townhouses. The blended figure above describes neither exactly.
| Title type | Median sale price | A quarter below | A quarter above | Sales |
|---|---|---|---|---|
| All dwellingsevery recorded sale | $2,453,000 | $1,303,000 | $4,271,000 | 82 |
| Non-stratawhole-title sales — mostly houses | $3,625,000 | $2,750,000 | $4,810,000 | 47 |
| Stratastrata-title sales — mostly units, flats and townhouses | $1,110,000 | $805,000 | $1,530,000 | 35 |
Median observed sale price of all dwellings, each quarter the publisher reported one. A missing quarter is a gap — usually too few settlements to publish — never a zero.
| Quarter | Median sale price | Change on the quarter before | Sales |
|---|---|---|---|
| March quarter 2026 | $2,453,000 | Up 3.3% | 82 |
| December quarter 2025 | $2,375,000 | Down 5.8% | 106 |
| September quarter 2025 | $2,520,000 | Down 16.0% | 97 |
| June quarter 2025 | $3,000,000 | Up 6.0% | 76 |
| March quarter 2025 | $2,830,000 | Up 45.1% | 88 |
| December quarter 2024 | $1,950,000 | Down 9.5% | 78 |
| September quarter 2024 | $2,155,000 | Down 9.8% | 88 |
| June quarter 2024 | $2,390,000 | Down 13.9% | 85 |
| March quarter 2024 | $2,775,000 | Up 27.6% | 89 |
| December quarter 2023 | $2,175,000 | Down 3.9% | 80 |
| September quarter 2023 | $2,263,000 | Up 14.0% | 92 |
| June quarter 2023 | $1,985,000 | Down 22.2% | 86 |
| March quarter 2023 | $2,550,000 | Up 40.1% | 63 |
| December quarter 2022 | $1,820,000 | Down 24.2% | 74 |
| September quarter 2022 | $2,400,000 | Up 12.1% | 80 |
| June quarter 2022 | $2,140,000 | Down 14.4% | 88 |
| March quarter 2022 | $2,500,000 | Up 4.2% | 75 |
| December quarter 2021 | $2,400,000 | Down 8.1% | 125 |
| September quarter 2021 | $2,611,000 | Up 14.8% | 97 |
| June quarter 2021 | $2,275,000 | Down 1.9% | 100 |
| March quarter 2021 | $2,320,000 | Up 10.1% | 87 |
| December quarter 2020 | $2,108,000 | Up 15.5% | 114 |
| September quarter 2020 | $1,825,000 | Down 12.3% | 85 |
| June quarter 2020 | $2,080,000 | Up 11.2% | 72 |
| March quarter 2020 | $1,871,000 | Down 8.4% | 67 |
| December quarter 2019 | $2,043,000 | Up 16.7% | 86 |
| September quarter 2019 | $1,750,000 | Up 2.3% | 64 |
| June quarter 2019 | $1,710,000 | Down 0.9% | 66 |
| March quarter 2019 | $1,725,000 | Up 2.7% | 43 |
| December quarter 2018 | $1,680,000 | Up 5.8% | 67 |
| September quarter 2018 | $1,588,000 | Down 16.4% | 42 |
| June quarter 2018 | $1,900,000 | Down 13.6% | 90 |
| March quarter 2018 | $2,200,000 | Up 33.3% | 69 |
| December quarter 2017 | $1,650,000 | Down 22.1% | 63 |
| September quarter 2017 | $2,117,500 | Up 1.1% | 74 |
| June quarter 2017 | $2,093,750 | — | 80 |
Sale prices are the New South Wales Rent and Sales Report (NSW Department of Communities and Justice), used under Creative Commons Attribution 4.0. © State of New South Wales (Department of Communities and Justice). Sales are published on a slower clock than rents, so the newest sale quarter usually sits behind the newest rent quarter — the two are never blended, and the yield under Rents & Yield names both periods. Method, sources and licences.
Rising more slowly than the middle of New South Wales
How rents here moved over a year, against the typical postcode in New South Wales.
| Rent change over a year here | +3.0% | June quarter 2026 against a year earlier |
|---|---|---|
| The middle postcode in New South Wales | +5.9% | June quarter 2026 against a year earlier |
| Difference | −2.9 percentage points | June quarter 2026 against a year earlier |
| Markets in the comparison | 347 | June quarter 2026 against a year earlier |
The difference between this market’s one-year rent change and the middle change across every postcode the same publisher reports, in percentage points: 3 or more above is well above, 1 above is above, within 1 either way is in line. Changes are compared within one state because each bond authority defines its own series — movement may be compared between them, the rent itself may not.
Quarterly achieved-rent history across the full published series for this market.
| Median weekly rent | $850 | publisher’s figure · June quarter 2026 |
|---|---|---|
| A quarter of new leases came in below | $640 | publisher’s figure · June quarter 2026 |
| A quarter came in above | $1,225 | publisher’s figure · June quarter 2026 |
| Gross rental yield | 1.80% | calculated from this rent (June quarter 2026) and the sale median under Prices & Sales (March quarter 2026) |
| Rental bonds held | 3,451 | publisher’s figure · June quarter 2026 |
Quarter-by-quarter rent history for the full published series.
| Quarter | Median weekly rent | Change on the quarter before |
|---|---|---|
| June quarter 2026 | $850 | Down 5.6% |
| March quarter 2026 | $900 | No change |
| December quarter 2025 | $900 | Up 9.1% |
| September quarter 2025 | $825 | No change |
| June quarter 2025 | $825 | Down 0.6% |
| March quarter 2025 | $830 | Up 3.8% |
| December quarter 2024 | $800 | Down 2.8% |
| September quarter 2024 | $823 | Down 2.0% |
| June quarter 2024 | $840 | Up 5.0% |
| March quarter 2024 | $800 | Down 9.6% |
| December quarter 2023 | $885 | Up 10.6% |
| September quarter 2023 | $800 | Up 14.3% |
| June quarter 2023 | $700 | Down 10.3% |
| March quarter 2023 | $780 | Up 8.3% |
| December quarter 2022 | $720 | Up 15.2% |
| September quarter 2022 | $625 | Down 3.8% |
| June quarter 2022 | $650 | Up 16.1% |
| March quarter 2022 | $560 | Down 16.8% |
| December quarter 2021 | $673 | Up 22.4% |
| September quarter 2021 | $550 | Up 3.8% |
| June quarter 2021 | $530 | Down 0.9% |
| March quarter 2021 | $535 | Down 6.1% |
| December quarter 2020 | $570 | Down 0.9% |
| September quarter 2020 | $575 | Down 7.3% |
| June quarter 2020 | $620 | Down 4.6% |
| March quarter 2020 | $650 | No change |
| December quarter 2019 | $650 | Up 6.6% |
| September quarter 2019 | $610 | Down 4.7% |
| June quarter 2019 | $640 | Down 1.5% |
| March quarter 2019 | $650 | Down 4.4% |
| December quarter 2018 | $680 | Up 4.6% |
| September quarter 2018 | $650 | No change |
| June quarter 2018 | $650 | No change |
| March quarter 2018 | $650 | Down 10.0% |
| December quarter 2017 | $723 | Up 3.2% |
| September quarter 2017 | $700 | — |
The figure above blends every dwelling type the publisher reports. These are the same quarter, split the way New South Wales splits it.
| Dwelling type | Median weekly rent | Rent change — 1 year | New leases |
|---|---|---|---|
| Houses | $1,500 | No change | 62 |
| Townhouses | $1,450 | Up 16.9% | — |
| Units and flats | $748 | Up 15.1% | 166 |
| All dwellings | $850 | Up 3.0% | 261 |
The postcodes immediately above and below Postcode 2021 when ranked by the same figure for the same period — nearby in the state ranking, not necessarily nearby on a map.
| Postcode | Median rent | Rent change — 1 year |
|---|---|---|
| Postcode 2062Cammeray | $840 | Up 2.4% |
| Postcode 2121Epping and North Epping | $840 | Up 12.0% |
| Postcode 2221Blakehurst, Carss Park and Connells Point and 2 more | $845 | Down 0.6% |
| Postcode 2021Centennial Park, Moore Park and Paddington | $850 | Up 3.0% |
| Postcode 2099Cromer, Dee Why and Narraweena and 2 more | $850 | Up 10.4% |
| Postcode 2106Newport | $850 | Down 21.9% |
| Postcode 2134Burwood | $850 | Up 6.3% |
Or put them in columns: Compare with similarly ranked markets.
Latest achieved rents by dwelling type and bedroom count. Blank cells indicate no published figure for that combination.
| Size | Houses | Units and flats |
|---|---|---|
| Studio | Not published | $540count withheld |
| 1 bedroom | Not published | $68888 new leases |
| 2 bedrooms | $1,195count withheld | $95050 new leases |
| 3 bedrooms | $1,895count withheld | Not published |
| 4 bedrooms | $2,400count withheld | Not published |
Postcode 2021 is mostly inside Woollahra — 66% of it, with the remainder in a neighbouring council, according to the Australian Bureau of Statistics boundary correspondence. The council itself has a figure of its own, computed over every bond inside the boundary rather than averaged from these.
| Postcode | Median weekly rent | Rent change — 1 year | New leases | Compare |
|---|---|---|---|---|
| Postcode 2027Darling Point, Edgecliff and Point Piper | $1,200 | Up 26.3% | 150 | |
| Postcode 2030Dover Heights, Vaucluse and Watsons Bay | $1,200 | Up 9.3% | 95 | |
| Postcode 2025Woollahra | $1,150 | Up 15.0% | 105 | |
| Postcode 2028Double Bay | $1,100 | Up 2.3% | 96 | |
| Postcode 2023Bellevue Hill | $1,005 | Up 2.6% | 125 | |
| Postcode 2029Rose Bay | $1,000 | Up 7.5% | 149 | |
| Postcode 2021Centennial Park, Moore Park and Paddington | $850 | Up 3.0% | 261 |
Population data on suburb pages uses the ABS statistical area containing the suburb. The market card names that wider area; open Data & method for the geography and source.
Not enough evidence
How fast the population here is changing, against how fast Australia is changing.
No population estimate is published for this market at a geography the ABS uses.
Counted for Postcode 2021 on Census night, 10 August 2021. A Census count is a stock on one night, not a series: it cannot show a trend, and five years on it describes 2021, not today. It is here because how many households there are and how many people share a dwelling are the denominators every demand question eventually needs.
| Households — occupied private dwellings | 6,586 | one count: an occupied private dwelling on Census night is the ABS definition of a household |
|---|---|---|
| Average household size | 2.1 people | per occupied private dwelling, across 6,586 of them |
Source: Australian Bureau of Statistics, Census of Population and Housing 2021, General Community Profile (tables G02, G35, G36), used under CC BY 4.0. © Commonwealth of Australia (Australian Bureau of Statistics).
Dwelling approvals are published by council area, not by postcode, and an approval is counted for the boundary that granted it — so none are shown here rather than another area’s. The council it sits in, Woollahra, carries the approval series and the delivery reading.
Not enough evidence
How many dwellings this market approved over twelve months for every thousand residents, against the national rate. Approvals are permission to build, not completed dwellings.
Dwelling approvals are published by council area, and this market is not one.
Counted for Postcode 2021 on Census night, 10 August 2021. The stock every approval above eventually adds to, as it stood on one night in 2021. The occupied count is the households figure under Demand — the ABS definition makes them one count, so it is printed once rather than twice. The occupied and unoccupied counts are separately rounded by the ABS and do not exactly sum to the total, so no missing figure is derived here.
| Private dwellings | 7,690 | all private dwellings on Census night |
|---|---|---|
| Unoccupied on Census night | 1,107 | holiday homes and empty dwellings included; not a rental vacancy rate |
Source: Australian Bureau of Statistics, Census of Population and Housing 2021, General Community Profile (tables G02, G35, G36), used under CC BY 4.0. © Commonwealth of Australia (Australian Bureau of Statistics).
No APRIQ forward rent forecast is published for Postcode 2021 yet. The forecasting model remains in historical backtesting.
The method’s public record so far, across every market at once and clearly a backtest, not a prediction: at 1 quarter ahead, 83.8% of 10,476 graded backtests landed inside their ranges, at a median width of ±7.9%.
See the full historical record on the forecast scorecard. Backtest results describe historical model performance, not a prediction for this market.
Check sample size, data period, geography, source and calculation rules for this market.
Strong
How many observations sit behind the current figure on this page.
| New leases behind the current figure | 261 | June quarter 2026 |
|---|---|---|
| Quarters of history | 36 | to June quarter 2026 |
| How current | The latest quarter published anywhere | June quarter 2026 |
| Origin | As the publisher published it | June quarter 2026 |
| Knowability | Dated by the publisher’s own release timing | June quarter 2026 |
Strong needs 200 or more new leases behind the current figure; moderate needs 50. Fewer than that reads as thin: one unusual property can move the figure. A withheld count cannot earn better than thin, because a suppressed number is unknown rather than small. How current the figure is, is a separate fact stated as dates beside this reading, never folded into this word.
Which period the current rent figure describes, how it sits against the newest quarter published anywhere, and whose clock dated it — as dates, because a graded word would hide exactly the part worth checking.
| Describes | June quarter 2026 |
|---|---|
| Standing | This is the latest quarter published anywhere. |
| Dated by | Dated by the publisher’s own release timing. |
Market data sources are named beside the figures above. APRIQ keeps the publication period, source, licence and calculation method available for inspection. See full sources & methodology →
