Suburb Profile Report for Condell Park NSW (2200)

Condell Park House: Median price $952,500, Annual capital growth 8.71%, Number of sales 109, Weekly median advertised rent $550

Condell Park Unit: Median price $710,000, Annual capital growth 8.04%, Number of sales 57, Weekly median advertised rent $580

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Condell Park have tracked close to the NSW average of 11.06% over the last 12 months.

A 75.98% growth in median value for property investors in Condell Park,2200 puts this suburb at number 1005th in terms of best performing suburbs in NSW

Sellers are offering property buyers an average discount of -7.18% to buyers in Condell Park at the moment, which is less than average for the rest of NSW.

Renters in Suburb are facing rents around $6600 per annum or $550 every week.

With a capital gain of 0.00% for the last 12 months, Condell Park, 2200 has performed for property investments than its average annual 8.04% property growth over the last 5 years.

Taking the average capital gain, or increase in median house value, Condell Park,2200 has racked up an average of 0.00% over the period. This ranks it number 464th in the whole country for real estate investors looking at median house price increases.

Vendor discounting in Condell Park is giving property investors an average Vendor Discount of around -3.95%. This puts suburb at number 228th in NSW when ranking the most discounted suburbs.

Often selling an investment property can take time, and in Condell Park the average time real estate has been on the market is 40.81 days.

Using the current median advertised rental of $580 and the average annual increase in value of a median property of 8.04%, investors should hope to achieve an overall return of 4.25%

Metrics i HOUSE UNIT
$952,500 $710,000
0.26% 1.00%
9.99% 0.00%
8.71% 8.04%
$550 $580
109 57
3.00% 4.25%
85.73 40.81

Source: CoreLogic

DSR Score for property investment : Good (H), Very good (U)
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Demographics
Total population 10417
Median household income ($/weekly) 1111
Median age of persons 34
Median housing loan repayment ($/monthly) 2167
Average household size 3.2
  • Census Count Percent(%)
    5-14 years 1575 15.1
    25-34 years 1407 13.5
    35-44 years 1385 13.3
    45-54 years 1332 12.8
    55-64 years 1049 10.1
    Others 3669 35.2
    Age Group
    Census Count Percent(%)
    Registered Married 4024 53.8
    Not Married 3207 42.9
    Defacto Relationship 248 3.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 5621 58.1
    Japan 209 2.2
    Malaysia 1030 10.6
    Viet Nam 849 8.8
    Other 611 6.3
    Others 1363 14.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 814 8.5
    Christianity 5862 60.9
    Hinduism 59 0.6
    Islam 2285 23.8
    No Religion 561 5.8
    Others 39 0.4
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 332 12.4
    $600-$799 278 10.3
    $800-$999 247 9.2
    $1,000-$1,249 260 9.7
    $1,500-$1,999 356 13.3
    Others 1213 45.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 3322 44.6
    Employed, worked full-time 2429 32.6
    Employed, worked part-time 1087 14.6
    Unemployed, looking for work 336 4.5
    Employed, away from work 274 3.7
    Person Characteristics
  • Census Count Percent(%)
    Managers 407 10.7
    Professionals 642 16.9
    Technicians & trades workers 613 16.2
    Clerical & administrative workers 614 16.2
    Labourers 364 9.6
    Others 1149 30.3
    Occupation
    Census Count Percent(%)
    Pre-school 193 7.5
    Infants/Primary 939 36.4
    Secondary 734 28.5
    Technical or Further Educational Institution 246 9.5
    University or other Tertiary Institutions 402 15.6
    Others 65 2.5
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7405 74.8
    Semi-detached, row or terrace house, townhouse 2100 21.2
    Flat, unit or apartment 377 3.8
    House or flat attached to a shop, office 15 0.2
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1191 40.1
    Being purchased 1032 34.7
    Rented 724 24.4
    Other tenure type 24 0.8
    Tenure Type
Census 2011, ABS
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Recent sales & rentals