Concord West has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of 5.75% to date .
If we look at median property appreciation over just the last three months, Concord West has given property investors a paper return of 5.60%. This puts Suburb as 280 on a list of fastest fasting appreciating suburbs in NSW
Sellers are offering property buyers an average discount of -11.15% to buyers in Concord West at the moment, which is less than average for the rest of NSW.
A $700 per week rent on the median house gives suburb investors a gross yield of circa 1.98%, without taking into account capital value appreciation, which has been averaging out at 10.41%.
Concord West is an average performer in NSW when comparing median price capital growth over the last year. Concord West gave property investors a good capital gain figure when compared to the rest of the state, with 9.26%.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Concord West has increased when compared to the 5 year average annual rate.
Our latest figures would indicate that property sellers in Concord West are currently offering property investors an average price cut of -6.87% below the asking price at the moment.
Situated 8.92km from the CBD, Concord West is one of Canada Bay localities in the postcode 2138.