Ashfield vs ConcordTwo Sydney suburbs compared for a home loan
Ashfield (NSW 2131) is approximately 8 km west of the Sydney CBD, on the Main Suburban line. Concord (NSW 2137) is approximately 11 km west of the Sydney CBD, on the Parramatta River. At the 2021 Census, Ashfield had 23,012 residents with a median age of 36, and Concord had 14,551 residents with a median age of 43.
The most common occupied dwelling was flats and apartments in Ashfield and separate houses in Concord. Flats and apartments made up 70% of occupied dwellings in Ashfield and 16% in Concord, while 51% of Ashfield households rented compared with 24% in Concord. These differences matter for finance, because lenders assess apartments, strata buildings and houses on land differently.
Both suburbs are in the same state, so transfer duty is calculated on the same scale and the difference in upfront cost comes from the purchase price. The panel below applies that scale, and an estimate of lenders mortgage insurance, to the prices you enter.
NSW 2131 · Inner West Sydney
Ashfield
Ashfield is an established inner west suburb where apartments hold 69.9 per cent of homes and tenure divides almost evenly between owning and renting.
Inner West. Approximately 8 km west of the Sydney CBD, on the Main Suburban line.
Read the full Ashfield guideNSW 2137 · Inner West Sydney
Concord
Concord is a City of Canada Bay river suburb of large family houses, where 44.2 per cent of households own outright and only 23.5 per cent rent.
City of Canada Bay. Approximately 11 km west of the Sydney CBD, on the Parramatta River.
Read the full Concord guide
What buying in Ashfield and Concord would mean for the loan
The difference between two suburbs is usually a difference in price, and price drives the deposit, the transfer duty, any lenders mortgage insurance and the repayment. Enter the prices you are seeing and the panel works out each of those for Ashfield and Concord.
Your prices and deposit
Enter the price you are seeing in each suburb. BorrowWise does not quote prices, so the comparison uses yours.
Enter a price for Ashfield to see the repayment, transfer duty and upfront cash.
Enter a price for Concord to see the repayment, transfer duty and upfront cash.
Warning: The interest rate used here is an example only. It is not a comparison rate and is not a rate offered by any lender, and it does not include fees and charges. Different rates, terms, fees or loan amounts will give a different result.
Estimates only. Repayments assume a principal and interest loan at a constant rate, which is an assumption and not a current market rate. Transfer duty is indicative for established homes, first home buyer relief depends on eligibility, and upfront cash includes an allowance of $3,000 for conveyancing and inspections. Lenders mortgage insurance is an estimate and is added to the loan. A lender makes its own assessment.
Ashfield and Concord: Census profile compared
Figures are from the 2021 Census, so rents, repayments and incomes have moved since. They are most useful for comparing one suburb with another and with Australia as a whole.
| Measure | Ashfield | Concord |
|---|---|---|
| People and households | ||
| Residents | 23,012 | 14,551 |
| Median ageAustralia 38 | 36 | 43 |
| Average household sizeAustralia 2.5 | 2.3 | 2.8 |
| Median household income, weeklyAustralia $1,746 | $1,888 | $2,410 |
| Housing costs at the 2021 Census | ||
| Median rent, weeklyAustralia $375 | $440 | $570 |
| Median mortgage repayment, monthlyAustralia $1,863 | $2,210 | $3,033 |
| Who owns and who rents | ||
| Households rentingAustralia 31% | 51% | 24% |
| Owned with a mortgageAustralia 35% | 23% | 31% |
| Owned outrightAustralia 31% | 23% | 44% |
| Types of home | ||
| Separate housesAustralia 72% | 22% | 71% |
| Townhouses, terraces and semi-detachedAustralia 13% | 7% | 10% |
| Flats and apartmentsAustralia 14% | 70% | 16% |
| Homes with two bedrooms or fewer | 67% | 20% |
| Homes with four bedrooms or more | 11% | 38% |
| Dwellings unoccupied on Census night | 11% | 6% |
Source: Australian Bureau of Statistics, 2021 Census (CC BY 4.0). Tenure shares exclude households that did not state their tenure. Dwelling shares are of occupied private dwellings.
Home loan considerations in Ashfield and Concord
Lenders treat houses on land, townhouses and apartments differently, and some apply extra conditions to small apartments, high-density buildings or particular postcodes. These are the points each guide raises.
Ashfield
- First home buyers
- Investors
- Upgraders
- Downsizers
- Older walk-up blocks can carry deferred maintenance not visible in an individual unit.
- A special levy for roofing, plumbing or fire safety upgrades is a realistic prospect.
- Some lenders apply additional scrutiny to buildings without lifts or with few lots.
- Heritage listing on older housing can constrain demolition and alterations.
- Parramatta Road and Liverpool Road carry heavy traffic near the suburb.
Concord
- Upgraders
- Downsizers
- Investors
- Some lenders apply a lower maximum loan-to-value ratio above certain value thresholds.
- Median monthly repayments of $3,033 mean serviceability binds well before deposit.
- Only 23.5 per cent of households rented, so the tenant pool is small.
- Flood and foreshore considerations can apply near the Parramatta River.
- There is no station in the suburb, so test the actual journey to Concord West or Burwood.
Housing stock in Ashfield and Concord compared
Ashfield
- Mid twentieth century apartments
- The 6,474 flats counted at the 2021 Census, 69.9 per cent of occupied homes.
- Two bedroom dwellings
- At 4,777 dwellings, the most common size recorded at the 2021 Census.
- Federation and interwar houses
- Separate houses numbered 2,047 at the 2021 Census, 22.1 per cent of occupied homes.
Concord
- Large detached family houses
- Separate houses numbered 3,472 at the 2021 Census, 70.6 per cent of occupied homes.
- Three and four bedroom homes
- At the 2021 Census, 1,973 dwellings had three bedrooms and 1,307 had four, with 565 having five or more.
- Apartments and townhouses
- The 810 flats and 516 townhouse dwellings counted at the 2021 Census.
Official sale price and rent figures for Ashfield and Concord
Only figures published free of charge by a government agency are shown. Where none is published the space is left empty rather than filled with an estimate. Each guide charts the full series.
Ashfield
No government agency publishes a free median sale price or rent series for Ashfield, so none is shown. A broker can supply recent comparable sales for a specific property as part of a free assessment.
Concord
No government agency publishes a free median sale price or rent series for Concord, so none is shown. A broker can supply recent comparable sales for a specific property as part of a free assessment.
Transport, schools and amenities in Ashfield and Concord
Ashfield
Transport
- Ashfield Station (train)
- Sydney buses (bus)
- Parramatta Road (road)
- Liverpool Road (road)
Amenities
- Ashfield Mall
- Ashfield Park
- Ashfield Aquatic Centre
Concord
Transport
- Concord West Station (train)
- North Strathfield Metro (metro)
- Sydney buses (bus)
- Concord Road (road)
Amenities
- Parramatta River foreshore
- Majors Bay Road shops
- Concord Hospital
School listings show name, level and sector only. Enrolment areas change, so confirm eligibility for a specific address with the school or the New South Wales education department.
Compare Ashfield or Concord with another suburb
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Request a free assessment: Ashfield or Concord
An accredited mortgage broker can check your borrowing power against prices in Ashfield and Concord, and explain how lenders treat the homes you are considering. The assessment is free of charge and carries no obligation.