Suburb Profile Report for Concord West NSW (2138)

Concord West House: Median price $2,100,000, Annual capital growth 11.97%, Number of sales 60, Weekly median advertised rent $700

Concord West Unit: Median price $1,059,000, Annual capital growth 13.11%, Number of sales 14, Weekly median advertised rent $550

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 23.53% for the last 12 months, Concord West, 2138 has performed for property investments than its average annual 11.97% property growth over the last 5 years.

The five-year average increase in median property values for Concord West,2138 has given property investors a potential capital gain of 111.06% across each of those five years.

Concord West, 2138 is offering NSW ‘s 222th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 20% of discounts offered by this NSW.

In the last year 60 properties changed hands in Concord West, which puts it as the 555th most active market in NSW when comparing the number of sales per suburb.

A $700 per week rent on the median house gives suburb investors a gross yield of circa 1.73%, without taking into account capital value appreciation, which has been averaging out at 11.97%.

Property investors who have had real estate in Concord West, 2138 should be pleased with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 25.33%

When looking at the potential capital gains offered to property investors over the last 3 years, Concord West comes in at number 14th in NSW.

In the last year 14 properties changed hands in Concord West, which puts it as the 530th most active market in NSW when comparing the number of sales per suburb.

Metrics i HOUSE UNIT
$2,100,000 $1,059,000
10.82% 19.66%
23.53% 25.33%
11.97% 13.11%
$700 $550
60 14
1.73% 2.70%
45.1 N/A

Source: CoreLogic

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