Property value increases in Concord have tracked just higher than the NSW average of 8.26% over the last 12 months.
Concord,2137 has offered an average of 10.19% return per annum in house price rises to property investors over the last three years.
Property buyers and investors in Concord 2137 should be seeing an average reduction in asking price of around -5.79% . This means that Concord is holding prices well when compared to other suburbs in NSW.
In the last year 128 properties changed hands in Concord, which puts it as the 183th most active market in NSW when comparing the number of sales per suburb.
With the median price for a house in Concord being $2000000 and the advertised rent reaching $695 the gross rental yield for property investors calculates out to be 1.81%
Giving property investors a a solid capital gain of 21.16% for the last year, Concord, 2137 is the 121th highest performer in Australia in this respect.
Concord,2137 was ranked 110 in Australia by increase in median property value over the quarter.
The most recent median price for Concord is $965000, with sellers offering an average of -5.20% off the asking price.
Often selling an investment property can take time, and in Concord the average time real estate has been on the market is 44.28 days.
A $520 per week rent on the median house gives suburb investors a gross yield of circa 2.80%, without taking into account capital value appreciation, which has been averaging out at 8.91%.