Liberty Grove vs Sydney Olympic Park: true annual running costs compared (2026)
Last updated July 2026 · council rates current NSW schedules, ATO 91c/km, Opal & Translink fares, AER electricity benchmarks
Liberty Grove (Canada Bay rates (OLG) and Sydney Olympic Park (Parramatta rates (OLG) attract comparison from buyers considering suburbs across different council areas at similar distances from Sydney CBD (12 km and 13.5 km).
The two sit within $244 a year of each other to run, so running cost is a minor factor here. The decision comes down to schools, risk and lifestyle, all in the free report.
Over 10 years these two cost about the same to run. The difference here isn't money — it's location, schools and lifestyle.
Get the free report: 10-year costs, flood & fire risk, crime, schools and overall verdict →Liberty Grove
Sydney Olympic Park
Annual cost breakdown
| Category | Liberty Grove | Sydney Olympic Park | Difference |
|---|---|---|---|
| Council rates | $1,268 | $1,156 | +$112 |
| Water & sewerage | $1,548 | $1,548 | - |
| Commute (driving) | $3,565 | $3,921 | -$356 |
| Commute (public transport) | $2,386 | $2,386 | - |
| Home insurance | $2,950 | $2,950 | - |
| Body corporate (unit) | $2,300 | $2,300 | - |
| Total (driving) | $9,331 | $9,575 | -$244 |
| Total (public transport) | $8,152 | $8,040 | +$112 |
Green = cheaper. Commute: ATO 91c/km, 220 working days. Insurance AI-estimated; actual premiums vary. Council rates: average residential rate (NSW, IPART-uplifted).
| Dwelling | Liberty Grove | Sydney Olympic Park | Difference |
|---|---|---|---|
| House | $2,342 | $2,720 | -$378 |
| Unit | $1,909 | $2,209 | -$300 |
Estimated from AER residential benchmarks for each suburb's climate zone at 2026-27 regulated prices for each suburb's electricity network, including supply charge (AER Default Market Offer caps, or the QCA price in regional Queensland; unit ≈ 75% of a house). Get the free report for a breakdown by your exact number of occupants.
Cost breakdown chart
Annual cost breakdown — Liberty Grove vs Sydney Olympic Park (2026-27)
What the numbers show
Liberty Grove and Sydney Olympic Park cost within $244 of each other annually by car. Over ten years with 3% annual growth the gap reaches roughly $2,798, making running cost a minor factor in the decision.
The biggest single gap is commute costs at $356 per year. Sydney Olympic Park is 13.5 km from Sydney CBD, which drives higher annual driving costs at the ATO rate of 91c/km.
On public transport the two suburbs cost almost the same, $8,152 and $8,040 a year, so the $244 driving gap nearly closes if you commute by public transport.
Where the difference actually comes from
- Council rates favours Sydney Olympic Park by $112 a year, $1,156 against $1,268.
- Water and sewerage is identical at $1,548 a year.
- Driving commute favours Liberty Grove by $356 a year, $3,565 against $3,921.
- Building insurance is identical at $2,950 a year.
They sit in different council areas, so the rates line is set by two different councils. For NSW that figure is the average residential rate reported to the Office of Local Government, uplifted by that council's IPART rate peg.
10-year cumulative cost projection
| Year | Liberty Grove cumulative | Sydney Olympic Park cumulative | Difference |
|---|---|---|---|
| Year 1 | $9,331 | $9,575 | $244 |
| Year 3 | $28,841 | $29,595 | $754 |
| Year 5 | $49,540 | $50,835 | $1,295 |
| Year 10 | $106,969 | $109,767 | $2,798 |
Assumes 3% annual cost growth. Excludes purchase price, mortgage, and personal expenses.
Frequently asked questions
Is Liberty Grove or Sydney Olympic Park cheaper to live in?
Liberty Grove is cheaper to run by car at $9,331 per year versus $9,575 for Sydney Olympic Park, a difference of $244 annually. Figures cover council rates, water, commute (ATO 91c/km), and home insurance. Source: SuburbCost 2026 data.
What are council rates in Liberty Grove and Sydney Olympic Park?
Annual council rates for a house are $1,268 in Liberty Grove (Canada Bay rates (OLG) and $1,156 in Sydney Olympic Park (Parramatta rates (OLG). Water and sewerage adds $1,548 in Liberty Grove and $1,548 in Sydney Olympic Park. Both figures are the average residential rate reported to the Office of Local Government, uplifted by each council's IPART rate peg.
How does the commute cost compare between Liberty Grove and Sydney Olympic Park?
Annual driving commute costs are $3,565 from Liberty Grove and $3,921 from Sydney Olympic Park to Sydney CBD (ATO 91c/km). Public transport costs $2,386 from Liberty Grove and $2,386 from Sydney Olympic Park.
What is the 10-year cost difference between Liberty Grove and Sydney Olympic Park?
At 3% annual cost growth, Liberty Grove costs a cumulative $106,969 and Sydney Olympic Park costs $109,767 over 10 years by car. The cumulative difference is $2,798 in favour of Liberty Grove. Excludes purchase price, mortgage, and personal expenses.
Which of Liberty Grove and Sydney Olympic Park is best to actually live in?
You've got the costs. Get the free personalised report for the rest: a clear verdict on which suburb wins, the full flood, fire and crime risk profile, nearest schools, estimated electricity cost by number of occupants, and your own loan or rent stress-tested over 10 years. No spam.
Related comparisons
Sources: Canada Bay rates (OLG and Parramatta rates (OLG rate data, water utility pricing (QLD: Queensland Urban Utilities / Unitywater; NSW: Sydney Water / Hunter Water), ATO 91c/km, and SuburbCost AI insurance estimates. Data updated July 2026.