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%