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Concord

POSTAL CODE: NSW, 2137
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Property investors enjoyed capital gains of 11.39% 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 22% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $1000 based on current median home prices for the suburb.

On average, rents on listings have reached the $1000 mark, reflecting a 1.58% increase in returns based on the current median price in CONCORD.

CONCORD, 2137 ranks 318th in NSW in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 1110th on the list of best yielding suburbs for rental properties in NSW, posting a 1.58% return.

Surburb overview

Concord, situated approximately 13 kilometres west of Sydney's central business district, lies within the City of Canada Bay. The Parramatta River borders the suburb to the north and is adjacent to North Strathfield, Breakfast Point, and Five Dock. Concord is accessible via major roads, including Parramatta Road and Concord Road.

According to the 2021 Census, Concord had a population of 14,551 residents. The median age was 41 years. The suburb exhibits a diverse cultural composition, with 63.9% of residents born in Australia. Significant communities from Italy (5.8%), China (5.4%), and the United Kingdom (1.9%) contribute to the multicultural character of the area. English is the sole language spoken at home by 59.9% of the population, while other prevalent languages include Italian (9.2%), Mandarin (6.1%), Arabic (3.6%), Cantonese (3.6%), and Greek (3.1%).

Public transportation in Concord is accessible, with several bus routes servicing the area, including the 410, 502, and 464 lines. These routes connect residents to nearby suburbs and major train stations, facilitating commutes to the Sydney Central Business District (CBD) and other parts of the city. The nearest train stations are Strathfield and North Strathfield, providing access to the T1, T2, and T9 lines. Additionally, the F3 ferry route operates from Cabarita Wharf, offering a scenic commute to the city.

Essential amenities are available within and around Concord. The suburb hosts a variety of restaurants offering diverse cuisines, such as Maranello's on Majors Bay Road, known for its Italian dishes. Retail options and services are readily available in nearby suburbs, providing residents with convenient shopping and dining experiences.

Recreational facilities in Concord include Queen Elizabeth Park, which features a playground, picnic areas, and sports fields. Bayview Park Baths offer a netted swimming area along the Parramatta River, complemented by picnic facilities and a playground. The Concord Oval Recreation Centre provides a gymnasium and a range of exercise classes for community members.

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