Concord West (postcode 2138) is a mid-sized suburb in New South Wales within the Canada Bay local government area. The area has roughly 6,178 residents and an established family 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. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.7% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, clerical & administrative. Employment in the area leans toward healthcare and professional services. The top ancestries reported are Australian, English, Italian.
Concord West has a median house price of $2.9 million, which has risen modestly by 1.7% year-on-year. Units have a median price of $1.9 million (+12.9% YoY). The current median weekly rent is $920. This gives a gross rental yield of approximately 1.6%. 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 2,038 incidents per 100,000 population.
Looking at the investment signals, Concord West shows a gross rental yield of approximately 1.6%, rated as low yield. Property prices are above the state median ($2.9M/$1.5M), placing it in the premium segment. The price-to-income ratio of 23.7x is considered stretched. House prices have moved +1.7% year-on-year. Population growth of +0.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.