Concord West is a mid-sized suburb in New South Wales within the Canada Bay local government area (postcode 2138). With a population of 6,178, the suburb has an established demographic with a median age of 42. Households earn a median income of $122K 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 Australian, English, Italian.
The median house price in Concord West is $2.8 million, having dipped slightly 2.9% over the past year. Units have a median price of $1.9 million (+12.9% YoY). The current median weekly rent is $900. This gives a gross rental yield of approximately 1.7%. The median monthly mortgage repayment is $3,000.
Concord West is served by 4 schools, including 3 primary, 1 special. The average ICSEA score is 1098, which is above the national average of 1,000. Public transport access includes 20 bus stops. Healthcare facilities include 2 public hospitals. The crime rate in the Canada Bay LGA is below average at 2,018 incidents per 100,000 population.
From an investment perspective, Concord West offers a gross rental yield of 1.7%, rated as low yield. Property prices are above the state median ($2.8M/$1.5M), placing it in the premium segment. The price-to-income ratio of 23.1x is considered stretched. House prices have moved -2.9% year-on-year.
Concord West is a mid-sized suburb in New South Wales within the Canada Bay local government area (postcode 2138). With a population of 6,178, the suburb has an established demographic with a median age of 42. Households earn a median income of $122K 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 Australian, English, Italian.
The median house price in Concord West is $2.8 million, having dipped slightly 2.9% over the past year. Units have a median price of $1.9 million (+12.9% YoY). The current median weekly rent is $900. This gives a gross rental yield of approximately 1.7%. The median monthly mortgage repayment is $3,000.
Concord West is served by 4 schools, including 3 primary, 1 special. The average ICSEA score is 1098, which is above the national average of 1,000. Public transport access includes 20 bus stops. Healthcare facilities include 2 public hospitals. The crime rate in the Canada Bay LGA is below average at 2,018 incidents per 100,000 population.
From an investment perspective, Concord West offers a gross rental yield of 1.7%, rated as low yield. Property prices are above the state median ($2.8M/$1.5M), placing it in the premium segment. The price-to-income ratio of 23.1x is considered stretched. House prices have moved -2.9% year-on-year.