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Centennial Park suburb profile

Centennial Park is an established residential suburb of Albany in Western Australia’s Great Southern, located close to the city centre and within easy reach of the foreshore. Its character is quietly domestic, with tree-lined streets of weatherboard cottages and postwar brick homes on modest lots, alongside some later infill housing. The suburb attracts a mix of families, retirees and local professionals who value low-key neighbourhood living and convenient access to parks, playing fields and community facilities. Regular local bus services and main roads make getting around straightforward, while shops, cafes and waterfront attractions in Albany are nearby.

Centennial Park property market performance

Current median dwelling price$228,500Past 3 months

Property growth+15.3%Past 12 months

Like many smaller suburbs, this area sees relatively few property sales, so there isn't enough recent data to publish a reliable median price for houses or units. The figures that are available show house values rose sharply, up 25.0% over the last 12 months, while unit values increased a solid 5.6% over the same period, with house values rising more strongly than units.

Over the last 3 months, 3 houses and 2 units were sold. Houses sold in a median of 45 days.

The rental market in Centennial Park shows an average house rent of $610 a week.

HousesUnits
Median price
Past 3 months
N/AN/A
Change in value
Past 12 months
25.0%5.6%
Sold
Past 3 months
32
Median days on market
Past 12 months
45N/A
Average rent
Past 12 months
$610N/A
Change in rent
Past 12 months
N/AN/A

5 year median price trend for houses and units

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Centennial Park demographics

A community of 689 people with a median age of 53 and a median household income of $823 a week, roughly $42,800 a year.

Families are led by couple families without children, who make up 51.8% of families, or 87 households. One-parent families account for 26.2% (44 households), while couple families with children represent 20.2% (34 households). Other families total 1.8% (3 households).

Homes in Centennial Park are more often owner-occupied than rented: combined owner-occupation is 54.4% (44.6% owned outright and 9.8% owned with a mortgage), while 45.5% of dwellings are rented. In numbers, 150 homes are owned outright, 33 are owned with a mortgage and 153 are rented.

Suburbs near Centennial Park

Some popular suburbs near Centennial Park include:

  • Albany: Regional coastal city known for its harbour and seaside setting.
  • Mount Melville: Elevated suburb around a prominent hill with walking trails and views.
  • Mount Clarence: Hilltop area featuring coastal outlooks and bushland walking routes.
  • Mira Mar: Established residential neighbourhood near Albany's foreshore and local parks.
  • Yakamia: Leafy suburb with substantial native bush reserves and quiet streets.

How does Centennial Park compare to nearby suburbs?

  • Median house prices: Centennial Park’s median house price is 44.9% lower than Mira Mar’s.
  • House price growth: Over the past 12 months, house prices in Centennial Park have grown 33.4% higher than in Albany.
  • Selling speed for houses: Properties in nearby Albany are selling 28.9% faster than in Centennial Park.

Choose the right real estate agents in Centennial Park

There are 13 real estate agents in Centennial Park, but they don’t all deliver the same results.

Some agents have a much stronger presence in the suburb, with just 5 agents handling around 46.7% of all sales in the past year.

Commission rates in Centennial Park typically range from 1% to 3.25%. Comparing agents—including what they charge, what’s included, and how they structure their fees—is not only important when choosing an agent, the right structure can help ensure your chosen agent is motivated to achieve the best possible result.

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