Property investors who have had real estate in Concord, 2137 should be pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 14.12%
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.
State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.53% offered to property buyers. Sellers in Concord itself are offering an average vendor discount of -7.05% to real estate investors.
Renters in Suburb are facing rents around $8160 per annum or $680 every week.
Concord has had a pretty average year for property investment returns compared to the rest of NSW, giving investors a capital gain of 5.90% to date .
Concord,2137 has offered an average of 5.90% return per annum in house price rises to property investors over the last three years.
Vendor discounting in Concord is giving property investors an average Vendor Discount of around -6.55%. This puts suburb at number 40th in NSW when ranking the most discounted suburbs.
Residents and property investors in Concord have been waiting around 61.86 days to sell a property.
Advertised rents are around the $500 mark per week – giving a return of 3.15% based on the median price in Suburb