Suburb Profile Report for Condell Park NSW (2200)

Condell Park House: Median price $937,500, Annual capital growth 8.54%, Number of sales 112, Weekly median advertised rent $530

Condell Park Unit: Median price $704,000, Annual capital growth 7.79%, Number of sales 48, Weekly median advertised rent $575

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

Source: CoreLogic

  • House Report
  • Unit Report

Condell Park, 2200 ranked 709th in NSW when comparing growth in median property values or capital gain over the last 12 months. Condell Park is one of 3163 in our list for NSW

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Condell Park has increased when compared to the 5 year average annual rate.

LACK OF BUYER INTEREST may well be the reason that Condell Park is offering property investors an average of -5.45. This rate of discount on properties puts Suburb at number 120th in terms of most discounted suburbs in NSW

Over the last year, property investments in Condell Park, 2200 have given investors a capital gain of -0.49%. This compares badly with the 6.22% for NSW as a whole.

The five-year average increase in median property values for Condell Park,2200 has given property investors a potential capital gain of 71.71% across each of those five years.

Property buyers and investors in Condell Park 2200 should be seeing an average reduction in asking price of around -3.93% . This means that Condell Park is holding prices well when compared to other suburbs in NSW.

Residents and property investors in Condell Park have been waiting around 45.44 days to sell a property.

Using the current median advertised rental of $575 and the average annual increase in value of a median property of 7.79%, investors should hope to achieve an overall return of 4.25%

Metrics i HOUSE UNIT
$937,500 $704,000
7.14% -1.54%
8.38% -0.49%
8.54% 7.79%
$530 $575
112 48
2.94% 4.25%
102.47 45.44

Source: CoreLogic

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