This property is Off Market
With an average age of 42, households expect an average monthly mortgage payment of $3,434 or a weekly rent payment of $400. The average family earns a weekly income of $3,113 with a typical household size of 3 and a 95.65% employment rate.
Consistent high demand relative to supply is a key feature in Concord West driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Concord West due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The high percentage of professional people in Concord West classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. Medium density in Concord West necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.
(Country of Birth not stated 4%)
Concord West - North Strathfield a good, bad, or just average location in which to invest in property? Should you be buying, or selling, property right now? Our Investability scores provide comparative insights into the investment potential for every suburb across Australia.
Investability - Housing Demand
New South Wales State average 59 / 100
Income
37 / 100
31 / 100
Industry
66 / 100
22 / 100
Population
31 / 100
19 / 100
House Prices
83 / 100
60 / 100
Jobs
73 / 100
29 / 100
Incidents Trend State Average
Mortlake Public School
Concord, NSW, 2137 State K-6
Victoria Avenue Public School
Concord West, NSW, 2138 State K-6
Concord West Public School
Concord West, NSW, 2138 State K-6
St Ambrose Catholic Primary School
Concord West, NSW, 2138 Independent K-6
Strathfield North Public School
North Strathfield, NSW, 2137 State K-6
Homebush Boys High School
Homebush, NSW, 2140 State 7-12
The McDonald College
North Strathfield, NSW, 2137 Independent 3-12
Our Lady of the Assumption Catholic Primary School
North Strathfield, NSW, 2137 Independent K-6
Homebush Public School
Homebush, NSW, 2140 State K-6
St Patrick's Catholic Primary School
Mortlake, NSW, 2137 Independent K-5
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134 Acme Avenue Street, Town, State
Description - Details the application. Type and other information pertaining to the development application and more...
Authority Reference: UX0909823-GOV Website
The Residz risks assessments are composed from data attributes which are generally accepted to indicate higher or lower risk presence likelihood for that condition for any address or locality. They do not however determine the exact presence of that risk for any specific property. The Residz Data provided in this publication is of a general nature and should not be construed as specific advice or relied upon in lieu of appropriate professional advice. While Residz uses commercially reasonable efforts to ensure the Residz Data is current, Residz does not warrant the accuracy, currency or completeness of the Residz Data and to the full extent permitted by law excludes liability for any loss or damage howsoever arising (including through negligence) in connection with the Residz Data. Historical prices and trends are not a guarantee of future prices and trends.
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