Suburb Profile Report for Concord West NSW (2138)

Concord West House: Median price $1,740,000, Annual capital growth 9.88%, Number of sales 60, Weekly median advertised rent $700

Concord West Unit: Median price $840,000, Annual capital growth 7.67%, Number of sales 32, Weekly median advertised rent $500

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

Source: CoreLogic

  • House Report
  • Unit Report

Concord West, 2138 ranked 1040th in NSW when comparing growth in median property values or capital gain over the last 12 months. Concord West is one of 3163 in our list for NSW

While Concord West,2138 ranked number 475th in NSW for increase in median house value (annualised) increase, it is ranked 205th over the last 5 years.

Sellers are offering property buyers an average discount of -7.75% to buyers in Concord West at the moment, which is less than average for the rest of NSW.

Using the current median advertised rental of $700 and the average annual increase in value of a median property of 9.88%, investors should hope to achieve an overall return of 2.09%

Investment property in Concord West has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -1.18%

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.

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -4.42% offered to property buyers. Sellers in Concord West itself are offering an average vendor discount of -6.87% to real estate investors.

Using the current median advertised rental of $500 and the average annual increase in value of a median property of 7.67%, investors should hope to achieve an overall return of 3.10%

HOUSE UNIT
$1,740,000 $840,000
3.57% 3.70%
2.11% -1.18%
9.88% 7.67%
$700 $500
60 32
2.09% 3.10%
92.21 96.08

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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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
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