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Centennial Park vs Toodyay

Property investment comparison - Centennial Park, WA 6330 vs Toodyay, WA 6566

Head-to-head across core investment metrics: Centennial Park wins 3, Toodyay wins 2. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.

MetricCentennial ParkToodyay
Median house price$650K$630K
Median unit price-$285K
Gross rental yield (houses)3.48%4.55%
Gross rental yield (units)5.25%3.95%
1-year house growth+15.8%-
3-year house growth+73.3%+62.2%
Vacancy rate0.1%0.7%
Population6891,362

Centennial Park vs Toodyay: what the numbers say

The median house price is $650K in Centennial Park and $630K in Toodyay, so Toodyay is the cheaper entry point, with Centennial Park houses about 3% dearer.

On cash flow, Toodyay leads: houses there return a gross rental yield of 4.55%, compared with 3.48% in Centennial Park, a gap of 1.07 percentage points.

Looking back three years, Centennial Park houses are +73.3% and Toodyay houses +62.2%, so Centennial Park has compounded faster than Toodyay over the longer window.

Rental vacancy is 0.1% in Centennial Park and 0.7% in Toodyay, so landlords in Centennial Park face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Toodyay is the bigger suburb, with a population of 1,362 against 689, larger than Centennial Park; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Toodyay for rental income, Toodyay for a lower purchase price, Centennial Park for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.

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