Property investors enjoyed capital gains of 3.27% over the last 12 months in CONCORD, translating to lower returns compared with its peers in NSW.
Figures from the previous quarter show that capital gains for real estate buyers in CONCORD are low, as opposed to average gains per annum over the past five years.
The suburb posted a 45.74% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.
This number can mean, real estate investors could earn a rental income of $760 based on current median home prices for the suburb.
On average, rents on listings have reached the $760 mark, reflecting a 1.92% increase in returns based on the current median price in CONCORD.
CONCORD, 2137 ranks 1099th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.
While it ranks 1143rd on the list of best yielding suburbs for rental properties in NSW, posting a 1.92% return.
Property investors have seen a -6.19% drop in CONCORD based on a decrease in median home prices for the past three months.
Based on its average 5-year and quarterly capital gains CONCORD, 2137 saw average growth in the long term.
CONCORD, 2137 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $910,000.
Profits due to an upward trend in home prices in CONCORD, 2137 averaged 10.95% per annum over a 3-year period.
This number can mean, real estate investors could earn a rental income of $545 based on current median home prices for the suburb.
The gross rental yield in CONCORD, 2137 is 3.11%.
An average of 6 real estate transactions take place per month in CONCORD which translates to 72 per annum.
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