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.