Suburb Profile Report for Concord NSW (2137)

Concord House: Median price $1,960,500, Annual capital growth 9.85%, Number of sales 130, Weekly median advertised rent $690

Concord Unit: Median price $880,000, Annual capital growth 7.68%, Number of sales 65, Weekly median advertised rent $505

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Concord has had a pretty average year for property investment returns compared to the rest of NSW, giving investors a capital gain of 7.72% to date .

A 81.53% growth in median value for property investors in Concord,2137 puts this suburb at number 418th in terms of best performing suburbs in NSW

Concord, 2137 is offering NSW ‘s 40th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 10% of discounts offered by this NSW.

On average over the past year, suburb has had 10.83 sales per month, which equates to 130 per year.

A $690 per week rent on the median house gives suburb investors a gross yield of circa 1.83%, without taking into account capital value appreciation, which has been averaging out at 9.85%.

Investment property in Concord has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 10.00%

When looking at the potential capital gains offered to property investors over the last 3 years, Concord comes in at number 144th in NSW.

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.42% offered to property buyers. Sellers in Concord itself are offering an average vendor discount of -5.97% to real estate investors.

HOUSE UNIT
$1,960,500 $880,000
4.12% 6.54%
7.72% 10.00%
9.85% 7.68%
$690 $505
130 65
1.83% 2.98%
81.47 57.33

Source: CoreLogic

DSR Score for property investment : Very good (H), Above average (U)
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Demographics
Total population 14149
Median household income ($/weekly) 1734
Median age of persons 39
Median housing loan repayment ($/monthly) 2500
Average household size 2.9
  • Census Count Percent(%)
    5-14 years 1837 13.0
    25-34 years 1648 11.6
    35-44 years 2134 15.1
    45-54 years 2080 14.7
    55-64 years 1595 11.3
    Others 4856 34.3
    Age Group
    Census Count Percent(%)
    Registered Married 5895 56.0
    Not Married 4107 39.0
    Defacto Relationship 526 5.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 9014 66.8
    Croatia 558 4.1
    Japan 964 7.1
    United Kingdom 307 2.3
    Other 615 4.6
    Others 2039 15.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 334 2.5
    Christianity 10459 78.9
    Hinduism 242 1.8
    Islam 164 1.2
    No Religion 1970 14.9
    Others 90 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 493 11.7
    $2,000-$2,499 396 9.4
    $2,500-$2,999 499 11.9
    $3,000-$3,499 371 8.8
    $4,000 or more 354 8.4
    Others 2089 49.7
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 4389 40.1
    Not in the labour force 3814 34.9
    Employed, worked part-time 2044 18.7
    Employed, away from work 388 3.5
    Unemployed, looking for work 297 2.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 1086 15.9
    Professionals 1914 28.1
    Technicians & trades workers 745 10.9
    Clerical & administrative workers 1185 17.4
    Sales 686 10.1
    Others 1202 17.6
    Occupation
    Census Count Percent(%)
    Pre-school 265 7.8
    Infants/Primary 1209 35.4
    Secondary 941 27.6
    Technical or Further Educational Institution 228 6.7
    University or other Tertiary Institutions 696 20.4
    Others 75 2.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 10507 79.0
    Flat, unit or apartment 1808 13.6
    Semi-detached, row or terrace house, townhouse 886 6.7
    House or flat attached to a shop, office 107 0.8
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 2027 43.8
    Being purchased 1513 32.7
    Rented 1062 23.0
    Other tenure type 24 0.5
    Tenure Type
Census 2011, ABS
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