Get a property report and suburb profile for any property in Concord

Concord sits on the southern bank of the Parramatta River and has a leafy, residential character and an easygoing pace. Housing ranges from federation cottages and Californian bungalows to mid-century brick homes and low-rise waterfront apartments and townhouses. Majors Bay Road functions as a compact village strip with cafes, bakeries and shops, while extensive parks, riverfront reserves and walking paths make outdoor exercise and family outings straightforward. The area appeals to established families, downsizers and professionals and has local schools, community facilities and bus links to nearby train stations and major roads.

Concord is home to 14,551 people and the community is weighted towards families, with owner-occupiers making up about 76.3% of dwellings. Recent local upgrades have improved public open space and active-travel links, including new facilities at Majors Bay Reserve and a shared path through Shadrack Shaw Reserve as part of the Parramatta to Sydney Foreshore Link. The local hospital has seen staged redevelopment work and a multistorey car park has progressed, while a proposed further redevelopment currently has no funding allocated.

Buying looks stretched in Concord (2137) against local incomes at the last Census. The median house price of $3,240,000 is about 25.9 times a typical local annual household income at the last Census, which sits well above local incomes on these figures.

Renting is mixed: a house at $1,150 a week would take about 47.7% of a typical local household's weekly income at the last Census, a large share, while a unit at $680 a week would take about 28.2%, a moderate share. Which of these matters most depends on whether you plan to rent or buy and on your own circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Over the past 12 months in Concord, units were the stronger performer: unit values rose 6.2% and unit rents increased 8.8%, both solid gains. Houses moved more modestly, with house values up 3.3% and house rents rising 4.5%.

Put simply, rental income grew faster than capital value on both property types this year, and the unit market showed the larger movements. Which matter more to you depends on your priorities — if rental income is key, the unit-side figures are the most relevant; if capital growth is your focus, both types showed modest increases.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.