Concord vs HomebushTwo Sydney suburbs compared for a home loan
Concord (NSW 2137) is approximately 11 km west of the Sydney CBD, on the Parramatta River. Homebush (NSW 2140) is approximately 13 km west of the Sydney CBD, near Sydney Olympic Park. At the 2021 Census, Concord had 14,551 residents with a median age of 43, and Homebush had 11,660 residents with a median age of 31.
The most common occupied dwelling was separate houses in Concord and flats and apartments in Homebush. Flats and apartments made up 16% of occupied dwellings in Concord and 82% in Homebush, while 24% of Concord households rented compared with 57% in Homebush. 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 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 guideNSW 2140 · Inner West Sydney
Homebush
Homebush is a dense apartment suburb near Sydney Olympic Park, where 81.7 per cent of homes are flats and only 10.9 per cent of households own outright.
Strathfield. Approximately 13 km west of the Sydney CBD, near Sydney Olympic Park.
Read the full Homebush guide
What buying in Concord and Homebush 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 Concord and Homebush.
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 Concord to see the repayment, transfer duty and upfront cash.
Enter a price for Homebush 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.
Concord and Homebush: 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 | Concord | Homebush |
|---|---|---|
| People and households | ||
| Residents | 14,551 | 11,660 |
| Median ageAustralia 38 | 43 | 31 |
| Average household sizeAustralia 2.5 | 2.8 | 2.5 |
| Median household income, weeklyAustralia $1,746 | $2,410 | $2,101 |
| Housing costs at the 2021 Census | ||
| Median rent, weeklyAustralia $375 | $570 | $470 |
| Median mortgage repayment, monthlyAustralia $1,863 | $3,033 | $2,167 |
| Who owns and who rents | ||
| Households rentingAustralia 31% | 24% | 57% |
| Owned with a mortgageAustralia 35% | 31% | 31% |
| Owned outrightAustralia 31% | 44% | 11% |
| Types of home | ||
| Separate housesAustralia 72% | 71% | 12% |
| Townhouses, terraces and semi-detachedAustralia 13% | 10% | 5% |
| Flats and apartmentsAustralia 14% | 16% | 82% |
| Homes with two bedrooms or fewer | 20% | 74% |
| Homes with four bedrooms or more | 38% | 8% |
| Dwellings unoccupied on Census night | 6% | 13% |
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 Concord and Homebush
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.
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.
Homebush
- Investors
- First home buyers
- Single-development exposure limits are likely to bite in a suburb of large complexes.
- Special levies for defect rectification can be significant in recent high-rise.
- Only 10.9 per cent own outright, so almost every purchase involves borrowing.
- Sydney Olympic Park event days bring crowds and traffic to parts of the area.
- Homebush, Homebush West and Sydney Olympic Park are distinct localities.
Housing stock in Concord and Homebush compared
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.
Homebush
- Recently built apartments
- The 3,595 flats counted at the 2021 Census, 81.7 per cent of occupied homes.
- Two bedroom dwellings
- At 2,589 dwellings, the dominant size recorded at the 2021 Census.
- Few detached houses
- Separate houses numbered 539 at the 2021 Census, 12.3 per cent of occupied homes.
Official sale price and rent figures for Concord and Homebush
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.
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.
Homebush
No government agency publishes a free median sale price or rent series for Homebush, 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 Concord and Homebush
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
Homebush
Transport
- Homebush Station (train)
- Sydney Olympic Park Metro (metro)
- Sydney buses (bus)
- Parramatta Road (road)
Amenities
- Sydney Olympic Park
- DFO Homebush
- Bicentennial Park
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.
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Request a free assessment: Concord or Homebush
An accredited mortgage broker can check your borrowing power against prices in Concord and Homebush, and explain how lenders treat the homes you are considering. The assessment is free of charge and carries no obligation.