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