Burwood vs ConcordTwo Sydney suburbs compared for a home loan
Burwood (NSW 2134) is approximately 10 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, Burwood had 18,224 residents with a median age of 32, and Concord had 14,551 residents with a median age of 43.
The most common occupied dwelling was flats and apartments in Burwood and separate houses in Concord. Flats and apartments made up 67% of occupied dwellings in Burwood and 16% in Concord, while 60% of Burwood 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 2134 · Inner West Sydney
Burwood
Burwood is an inner west centre where apartments hold 67.5 per cent of homes, 60.2 per cent of households rent and only 17.3 per cent hold a mortgage.
Burwood. Approximately 10 km west of the Sydney CBD, on the Main Suburban line.
Read the full Burwood 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 Burwood 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 Burwood 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 Burwood 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.
Burwood 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 | Burwood | Concord |
|---|---|---|
| People and households | ||
| Residents | 18,224 | 14,551 |
| Median ageAustralia 38 | 32 | 43 |
| Average household sizeAustralia 2.5 | 2.5 | 2.8 |
| Median household income, weeklyAustralia $1,746 | $1,671 | $2,410 |
| Housing costs at the 2021 Census | ||
| Median rent, weeklyAustralia $375 | $500 | $570 |
| Median mortgage repayment, monthlyAustralia $1,863 | $2,449 | $3,033 |
| Who owns and who rents | ||
| Households rentingAustralia 31% | 60% | 24% |
| Owned with a mortgageAustralia 35% | 17% | 31% |
| Owned outrightAustralia 31% | 20% | 44% |
| Types of home | ||
| Separate housesAustralia 72% | 21% | 71% |
| Townhouses, terraces and semi-detachedAustralia 13% | 9% | 10% |
| Flats and apartmentsAustralia 14% | 67% | 16% |
| Homes with two bedrooms or fewer | 63% | 20% |
| Homes with four bedrooms or more | 14% | 38% |
| Dwellings unoccupied on Census night | 10% | 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 Burwood 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.
Burwood
- Investors
- First home buyers
- Upgraders
- Single-development exposure limits apply in a centre built through large complexes.
- One-bedroom dwellings and studios can fall below minimum internal floor areas.
- A dwelling in a mixed-use building above retail can attract different lending treatment.
- Metro West construction near Burwood North will affect parts of the area before 2032.
- Renting at 60.2 per cent means most purchases are assessed as investment lending.
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 Burwood and Concord compared
Burwood
- Apartments around the centre
- The 4,536 flats counted at the 2021 Census, 67.5 per cent of occupied homes.
- Two bedroom dwellings
- At 3,114 dwellings, the most common size recorded at the 2021 Census.
- Surviving detached houses
- Separate houses numbered 1,427 at the 2021 Census, 21.2 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 Burwood 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.
Burwood
No government agency publishes a free median sale price or rent series for Burwood, 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 Burwood and Concord
Burwood
Transport
- Burwood Station (train)
- Burwood North Metro (metro)
- Sydney buses (bus)
- Parramatta Road (road)
Amenities
- Westfield Burwood
- Burwood Park
- Burwood Road shops
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 Burwood or Concord with another suburb
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Request a free assessment: Burwood or Concord
An accredited mortgage broker can check your borrowing power against prices in Burwood and Concord, and explain how lenders treat the homes you are considering. The assessment is free of charge and carries no obligation.