Property value increases in Concord have tracked just higher than the NSW average of 11.06% over the last 12 months.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Concord has increased when compared to the 5 year average annual rate.
Property buyers and investors in Concord 2137 should be seeing an average reduction in asking price of around -8.84% . This means that Concord is holding prices well when compared to other suburbs in NSW.
Situated 9.19km from the CBD, Concord is one of Canada Bay localities in the postcode 2137.
Property investors who have had real estate in Concord, 2137 should be unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -7.17%
While Concord,2137 ranked number 551th in NSW for increase in median house value (annualised) increase, it is ranked 401th over the last 5 years.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.13% offered to property buyers. Sellers in Concord itself are offering an average vendor discount of -4.75% to real estate investors.
Using the current median advertised rental of $525 and the average annual increase in value of a median property of 5.92%, investors should hope to achieve an overall return of 3.46%