What is the true cost of buying an apartment in Concord?

The median apartment in Concord is $850,000. Including stamp duty ($32,780), strata, council rates, insurance, and mortgage repayments, the true first-year cost is approximately $64,076, or $5,340/month.

What does it really cost to buy a house in Concord?

The median house in Concord is $1,750,000. True first-year cost including stamp duty ($78,660), rates, insurance, maintenance, and mortgage repayments is approximately $120,038.

What is the vacancy rate in Concord?

Concord currently has a vacancy rate of 1.8%. Properties average 35 days on market.

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True Cost of Buying in Concord

2137 NSW · 15km to CBD

Rising

A decision, not just a search · Concord

Does the lower estimated monthly cost make a property the better buy?

Only under the assumptions entered—and cost is not the whole decision. This model compares scenarios, not lender approval, building condition or personal suitability. Replace defaults with current quotes and documents, then test whether the cost remains manageable when circumstances change.

Questions that could change the answer

Which costs are current supplied figures, and which are model defaults?
What happens to your buffer if interest, repairs or vacancy costs rise?
What finance, contract or inspection condition remains unresolved before an offer?

Evidence to obtain—not yet verified here

Current lender terms and approval conditions, not only a borrowing estimate.
Dated levy notices, rates, insurance quotes and maintenance information.
Contract advice, inspection findings and comparable sales evidence.

Other options: Lower the price limit, compare another property or wait for critical checks. A favourable model result is not a recommendation to make an unconditional offer.

Next action: Re-run the existing calculator with documented inputs, then agree your conditions and walk-away point with the relevant professionals.

When to revisit: Revisit when any input, approval condition, price or property finding changes.

General decision guidance—not a property assessment, personal recommendation or verified client result. Dates on surrounding market content apply to that content, not to checks on your property.

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Market Intelligence

Concord NSW 2137 is an established inner-west suburb located 15km west of Sydney CBD, known for its multicultural community and strong healthcare precinct anchored by Concord Hospital. The suburb features a diverse demographic with significant Italian, Chinese, and Lebanese populations, creating a vibrant community atmosphere. Properties predominantly consist of detached houses with some unit developments, showing steady price growth due to excellent transport connectivity via Concord West station and major arterial roads. The area benefits from established infrastructure including quality schools, parks like Concord Oval and Queens Park, and proximity to Rhodes shopping precinct. With an aging population of long-term residents and strong community groups, Concord offers a stable residential environment. The suburb's investment appeal is enhanced by its strategic location, transport links, and the economic stability provided by the major hospital employer, making it attractive for both owner-occupiers and investors seeking steady capital growth.

Strategic location 15km from Sydney CBD with excellent transport connectivityMajor employment hub with Concord Hospital as significant local employerStrong multicultural community creating diverse dining and cultural offeringsEstablished residential character with quality housing stock and tree-lined streetsProximity to Rhodes shopping and entertainment precinct

Market Snapshot

Median House

$1.8M

+5.2% 1yr

Median Apartment

$850K

+4.8% 1yr

Median Townhouse

$1.4M

Vacancy Rate

1.8%

35 avg DOM

Yield (Apartment)

4.8%

Yield (House)

3.2%

Auction Clearance

72%

Population

8,200

True Cost Breakdown

Based on median prices · 20% deposit · 6.5% interest · 30-year term · Owner-occupier

Apartment

$5,340/mo

Purchase Price

$850,000

Stamp Duty

$32,780

1st Year Total

$64,076

House

$10,003/mo

Purchase Price

$1,750,000

Stamp Duty

$78,660

1st Year Total

$120,038

Townhouse

$7,668/mo

Purchase Price

$1,350,000

Stamp Duty

$56,660

1st Year Total

$92,012

Run Your Own Numbers

These are median figures. Plug in the actual property you're looking at to see your real all-in cost — including first-home concessions, investment deductions, or different deposit amounts.

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