Suburb Profile Report for Concord West NSW (2138)

Concord West House: Median price $1,742,500, Annual capital growth 10.00%, Number of sales 60, Weekly median advertised rent $700

Concord West Unit: Median price $835,000, Annual capital growth 8.11%, Number of sales 31, Weekly median advertised rent $500

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

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Concord West, 2138 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was 0.55%.

When looking at the potential capital gains offered to property investors over the last 3 years, Concord West comes in at number 409th in NSW.

Concord West2138 is located in NSW which offers an average discount of -5.49% to property investors. Concord West itself is showing figures that indicate -7.75% is the average achievable by property buyers investing in the suburb.

With the median price for a house in Concord West being $1742500 and the advertised rent reaching $700 the gross rental yield for property investors calculates out to be 2.09%

Property value increases in Concord West have tracked lower than the NSW average of 5.73% over the last 12 months.

Across a shorter period, Concord West, 2138 has seen a median price increase of -0.60% over the last quarter.

LACK OF BUYER INTEREST may well be the reason that Concord West is offering property investors an average of -4.41. This rate of discount on properties puts Suburb at number 32th in terms of most discounted suburbs in NSW

The NSW suburb of Concord West, 2138 is in the Canada Bay local government area.

Metrics i HOUSE UNIT
$1,742,500 $835,000
0.72% -0.60%
0.55% -3.91%
10.00% 8.11%
$700 $500
60 31
2.09% 3.11%
92.21 96.08

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
Find a mortgage broker in Concord West NSW
Demographics
Total population 5848
Median household income ($/weekly) 1750
Median age of persons 39
Median housing loan repayment ($/monthly) 2383
Average household size 2.9
  • Census Count Percent(%)
    5-14 years 744 12.7
    25-34 years 660 11.3
    35-44 years 904 15.5
    45-54 years 885 15.1
    55-64 years 695 11.9
    Others 1961 33.5
    Age Group
    Census Count Percent(%)
    Registered Married 2438 56.1
    Not Married 1705 39.2
    Defacto Relationship 203 4.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 3712 67.3
    Croatia 205 3.7
    Japan 275 5.0
    United Kingdom 144 2.6
    Other 250 4.5
    Others 929 16.8
    Country of Birth
    Census Count Percent(%)
    Buddhism 143 2.6
    Christianity 4250 78.4
    Hinduism 114 2.1
    Islam 86 1.6
    No Religion 791 14.6
    Others 36 0.7
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 149 8.7
    $1,500-$1,999 224 13.0
    $2,000-$2,499 170 9.9
    $2,500-$2,999 227 13.2
    $4,000 or more 143 8.3
    Others 809 47.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1812 40.5
    Not in the labour force 1549 34.6
    Employed, worked part-time 826 18.4
    Employed, away from work 176 3.9
    Unemployed, looking for work 114 2.5
    Person Characteristics
  • Census Count Percent(%)
    Managers 373 13.3
    Professionals 829 29.5
    Technicians & trades workers 356 12.7
    Clerical & administrative workers 521 18.5
    Sales 242 8.6
    Others 492 17.5
    Occupation
    Census Count Percent(%)
    Pre-school 98 6.5
    Infants/Primary 476 31.7
    Secondary 403 26.9
    Technical or Further Educational Institution 124 8.3
    University or other Tertiary Institutions 365 24.3
    Others 34 2.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4789 87.3
    Semi-detached, row or terrace house, townhouse 359 6.5
    Flat, unit or apartment 324 5.9
    House or flat attached to a shop, office 13 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 838 45.0
    Being purchased 624 33.5
    Rented 390 20.9
    Other tenure type 12 0.6
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals