Suburb Profile Report for Concord West NSW (2138)

Concord West House: Median price $1,840,000, Annual capital growth 10.41%, Number of sales 68, Weekly median advertised rent $700

Concord West Unit: Median price $885,000, Annual capital growth 9.28%, Number of sales 28, Weekly median advertised rent $550

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

Source: CoreLogic

  • House Report
  • Unit Report

Concord West has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of 5.75% to date .

If we look at median property appreciation over just the last three months, Concord West has given property investors a paper return of 5.60%. This puts Suburb as 280 on a list of fastest fasting appreciating suburbs in NSW

Sellers are offering property buyers an average discount of -11.15% to buyers in Concord West at the moment, which is less than average for the rest of NSW.

A $700 per week rent on the median house gives suburb investors a gross yield of circa 1.98%, without taking into account capital value appreciation, which has been averaging out at 10.41%.

Concord West is an average performer in NSW when comparing median price capital growth over the last year. Concord West gave property investors a good capital gain figure when compared to the rest of the state, with 9.26%.

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.

Our latest figures would indicate that property sellers in Concord West are currently offering property investors an average price cut of -6.87% below the asking price at the moment.

Situated 8.92km from the CBD, Concord West is one of Canada Bay localities in the postcode 2138.

Metrics i HOUSE UNIT
$1,840,000 $885,000
5.60% 5.36%
5.75% 9.26%
10.41% 9.28%
$700 $550
68 28
1.98% 3.23%
88.66 96.72

Source: CoreLogic

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