Suburb Profile Report for Concord NSW (2137)

Concord House: Median price $1,970,500, Annual capital growth 9.91%, Number of sales 123, Weekly median advertised rent $673

Concord Unit: Median price $928,750, Annual capital growth 7.91%, Number of sales 60, Weekly median advertised rent $510

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Concord have tracked close to the NSW average of 7.47% over the last 12 months.

Concord,2137 was ranked 1219 in Australia by increase in median property value over the quarter.

Property investors looking for a bargain in Concord should be aiming for at least -3.21% off the asking price, which is the average vendor discount being achieved at the moment.

A $672.5 per week rent on the median house gives suburb investors a gross yield of circa 1.77%, without taking into account capital value appreciation, which has been averaging out at 9.91%.

At number 175th in the list of Australian suburbs ordered by increase in median house value over the last year, Concord, 2137 is in the top 10% with a property value increase of 17.12% recorded in median house prices.

Over the longer term, Concord has seen property prices show investors a 40.72% return over the last 3 years. This is worse than over the last 12 months

LACK OF BUYER INTEREST may well be the reason that Concord is offering property investors an average of -4.41. This rate of discount on properties puts Suburb at number 48th in terms of most discounted suburbs in NSW

Metrics i HOUSE UNIT
$1,970,500 $928,750
2.90% 16.46%
7.97% 17.12%
9.91% 7.91%
$673 $510
123 60
1.77% 2.86%
88 50.37

Source: CoreLogic

DSR Score for property investment : Good (U), Very good (H)
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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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Recent sales & rentals