At number 2215th in the list of Australian suburbs ordered by increase in median house value over the last year, Concord West, 2138 is in the BOTTOM 50% with a property value increase of 4.50% recorded in median house prices.
Over the longer term, Concord West has seen property prices show investors a 71.65% return over the last 3 years. This is worse than over the last 12 months
Property investors looking for a bargain in Concord West should be aiming for at least -4.77% off the asking price, which is the average vendor discount being achieved at the moment.
Residents and property investors in Concord West have been waiting around 78.35 days to sell a property.
Using the current median advertised rental of $690 and the average annual increase in value of a median property of 10.13%, investors should hope to achieve an overall return of 2.12%
NSW has seen average median house prices change by 8.14% which means that Concord West, 2138 has done well for property investors by showing a capital gain of -7.96% over the last year
Vendor discounting in Concord West is giving property investors an average Vendor Discount of around -6.64%. This puts suburb at number 39th in NSW when ranking the most discounted suburbs.
Advertised rents are around the $480 mark per week – giving a return of 3.21% based on the median price in Suburb