Suburb Profile Report for Concord West NSW (2138)

Concord West House: Median price $2,070,000, Annual capital growth 11.29%, Number of sales 58, Weekly median advertised rent $710

Concord West Unit: Median price $855,000, Annual capital growth 8.78%, Number of sales 17, Weekly median advertised rent $560

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Concord West have tracked higher than the NSW average of 11.67% over the last 12 months.

Over the longer term, Concord West has seen property prices show investors a 57.71% return over the last 3 years. This is worse than over the last 12 months

With the median price for a house in Concord West being $2070000 and the advertised rent reaching $710 the gross rental yield for property investors calculates out to be 1.78%

At number 1035th in the list of Australian suburbs ordered by increase in median house value over the last year, Concord West, 2138 is in the BOTTOM 50% with a property value increase of 1.79% recorded in median house prices.

Taking the average capital gain, or increase in median house value, Concord West,2138 has racked up an average of 1.79% over the period. This ranks it number 617th in the whole country for real estate investors looking at median house price increases.

Using the current median advertised rental of $560 and the average annual increase in value of a median property of 8.78%, investors should hope to achieve an overall return of 3.41%

Metrics i HOUSE UNIT
$2,070,000 $855,000
-1.43% -3.39%
19.65% 1.79%
11.29% 8.78%
$710 $560
58 17
1.78% 3.41%
N/A N/A

Source: CoreLogic

DSR Score for property investment : Above average (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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Recent sales & rentals