Suburb Profile Report for Concord West NSW (2138)

Concord West House: Median price $1,670,000, Annual capital growth 10.01%, Number of sales 66, Weekly median advertised rent $660

Concord West Unit: Median price $763,525, Annual capital growth 7.08%, Number of sales 23, Weekly median advertised rent $500

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

Source: CoreLogic

  • House Report
  • Unit Report

Property investors who have had real estate in Concord West, 2138 should be relatively unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -2.45%

Over the longer term, Concord West has seen property prices show investors a 56.81% return over the last 3 years. This is worse than over the last 12 months

Sellers are offering property buyers an average discount of -7.82% to buyers in Concord West at the moment, which is less than average for the rest of NSW.

Often selling an investment property can take time, and in Concord West the average time real estate has been on the market is 86.79 days.

With the median price for a house in Concord West being $1670000 and the advertised rent reaching $660 the gross rental yield for property investors calculates out to be 2.06%

Property investors who have had real estate in Concord West, 2138 should be unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -11.17%

A 29.96% growth in median value for property investors in Concord West,2138 puts this suburb at number 447th in terms of best performing suburbs in NSW

At number 126th of NSW’s most discounted properties, Concord West is in the bottom 30% of the state/territory when listing in order of most discounted to least.

In the last year 23 properties changed hands in Concord West, which puts it as the 408th most active market in NSW when comparing the number of sales per suburb.

Property investors should expect to get $500 weekly from the median priced house in this suburb.

HOUSE UNIT
$1,670,000 $763,525
-1.47% -2.11%
-2.45% -11.17%
10.01% 7.08%
$660 $500
66 23
2.06% 3.41%
86.79 90

Source: CoreLogic

DSR Score for property investment : Good (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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