Concord is a well-established suburb in New South Wales within the Canada Bay local government area (postcode 2137). With a population of 14,551, the suburb has an established demographic with a median age of 43. Households earn a median income of $125K per year, with an average household size of 2.8 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are Italian, Australian, English.
The median house price in Concord is $2.3 million, having dropped significantly 33% over the past year. Units have a median price of $805,000 (-37.8% YoY). The current median weekly rent is $830. This gives a gross rental yield of approximately 1.9%. The median monthly mortgage repayment is $3,033.
Concord is served by 4 schools, including 3 primary, 1 secondary. The average ICSEA score is 1082, which is above the national average of 1,000. Public transport access includes 1 tram stop, 68 bus stops. The crime rate in the Canada Bay LGA is below average at 2,018 incidents per 100,000 population.
From an investment perspective, Concord offers a gross rental yield of 1.9%, rated as low yield. Property prices are above the state median ($2.3M/$1.5M), placing it in the premium segment. The price-to-income ratio of 18.4x is considered stretched. House prices have moved -33.0% year-on-year.
Concord is a well-established suburb in New South Wales within the Canada Bay local government area (postcode 2137). With a population of 14,551, the suburb has an established demographic with a median age of 43. Households earn a median income of $125K per year, with an average household size of 2.8 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are Italian, Australian, English.
The median house price in Concord is $2.3 million, having dropped significantly 33% over the past year. Units have a median price of $805,000 (-37.8% YoY). The current median weekly rent is $830. This gives a gross rental yield of approximately 1.9%. The median monthly mortgage repayment is $3,033.
Concord is served by 4 schools, including 3 primary, 1 secondary. The average ICSEA score is 1082, which is above the national average of 1,000. Public transport access includes 1 tram stop, 68 bus stops. The crime rate in the Canada Bay LGA is below average at 2,018 incidents per 100,000 population.
From an investment perspective, Concord offers a gross rental yield of 1.9%, rated as low yield. Property prices are above the state median ($2.3M/$1.5M), placing it in the premium segment. The price-to-income ratio of 18.4x is considered stretched. House prices have moved -33.0% year-on-year.