Suburb Profile Report for Concord NSW (2137)

Concord House: Median price $2,000,000, Annual capital growth 10.04%, Number of sales 128, Weekly median advertised rent $695

Concord Unit: Median price $965,000, Annual capital growth 8.91%, Number of sales 66, Weekly median advertised rent $520

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

Source: CoreLogic

  • House Report
  • Unit Report

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%.

Metrics i HOUSE UNIT
$2,000,000 $965,000
2.04% 9.66%
10.19% 21.16%
10.04% 8.91%
$695 $520
128 66
1.81% 2.80%
86.04 44.28

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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