Concord location and character
Concord lies approximately 11 kilometres west of the Sydney central business district, within the City of Canada Bay, on the southern side of the Parramatta River. It adjoins Burwood, Strathfield and Canada Bay.
It is an established residential suburb of large family houses, and it stands apart from the surrounding inner west in having resisted the apartment development that reshaped Burwood, Ashfield and Homebush.
With a median age of 43, outright ownership at 44.2 per cent and only 23.5 per cent renting, it is a long-tenured suburb with limited turnover.
Transport and amenity in Concord
Concord has no railway station of its own. Concord West, North Strathfield and Burwood stations are nearby on the Sydney Trains network, and Sydney buses serve the suburb.
A Sydney Metro West station is confirmed at North Strathfield nearby, with early works begun. That line is targeting an opening date of 2032 and, when it opens, will double rail capacity between Parramatta and the Sydney central business district.
The Parramatta River foreshore provides open space and walking connections, and Concord Hospital is in the area. Majors Bay Road provides local shopping. This guide does not describe school catchments, which the NSW Department of Education can confirm.
Housing stock in Concord
Concord is built predominantly of large detached family houses, with a townhouse component and a modest number of apartments.
At the 2021 Census, 3,472 of the 4,916 occupied private dwellings were separate houses, 810 were flats or apartments and 516 were semi-detached or townhouse dwellings, so houses made up 70.6 per cent of occupied homes against 72.3 per cent nationally, while apartments accounted for 16.5 per cent. Three-bedroom homes numbered 1,973 and four-bedroom 1,307, with 565 having five or more.
The Census also recorded 316 unoccupied private dwellings out of 5,232 on Census night, about 6 per cent, the lowest share of this group. Inspections on housing of this kind commonly consider structural condition, roof and services, and the approval status of past alterations and additions.
Who lives and buys in Concord
The 2021 Census counted 14,551 residents in Concord, with a median age of 43 against 38 for Australia and an average household size of 2.8 people compared with 2.5 nationally. Adults aged 45 to 54 were the largest group at 2,131, followed by 1,941 aged 55 to 64, 1,868 children aged 5 to 14 and 1,815 adults aged 35 to 44.
Ownership dominates. The Census recorded 2,147 dwellings owned outright, 1,517 owned with a mortgage and only 1,143 rented, so 44.2 per cent of households with a stated tenure owned outright, 31.2 per cent held a mortgage and 23.5 per cent rented, against 31.0, 35.0 and 30.6 per cent nationally.
Median weekly household income was $2,410 against $1,746, median monthly mortgage repayments were $3,033 against $1,863 and median weekly rent was $570 against $375. For a buyer, this is an established family market where a detached house is the mainstream product and turnover is limited.
Buying in Concord under New South Wales law
Under the Conveyancing Act 1919 and the Conveyancing (Sale of Land) Regulation 2022, a vendor must attach prescribed documents to the Contract for the Sale of Land before exchange, including a current section 10.7 planning certificate issued by the City of Canada Bay under the Environmental Planning and Assessment Act 1979, together with title documents. New South Wales does not require the vendor to supply a building inspection report, so a buyer arranges that independently.
Under section 66S of the Conveyancing Act 1919, a buyer by private treaty has a cooling-off period of five business days after exchange, forfeiting 0.25 per cent of the purchase price to withdraw. There is no cooling-off period at auction, which is a common sale method for houses in this market.
A section 66W certificate waives the cooling-off right on a private treaty sale and makes the contract immediately binding, exposing the buyer to the full 10 per cent deposit. At the prices transacted here that is a substantial sum, and it should not be signed before finance and inspections are complete.
Home loan considerations for Concord property
Detached houses on standard titles are the most widely accepted security, and with 3,472 of them a valuer has good comparable evidence. Median monthly repayments of $3,033 against $1,863 nationally mean serviceability is usually the binding constraint.
At the upper end, where large houses on substantial blocks trade, some lenders apply a lower maximum loan-to-value ratio above certain value thresholds, and individually extended homes are less directly comparable, which can make those valuations less predictable.
With outright ownership at 44.2 per cent, turnover is limited and many local purchases involve substantial equity rather than high loan-to-value borrowing. The small rental market of 1,143 dwellings is relevant to an investor relying on rental income.
Local factors for buyers in Concord
The Parramatta River frontage means flood and foreshore considerations can apply to land in that corridor, and the section 10.7 planning certificate records the position for a specific address.
Concord has no station of its own, relying on Concord West, North Strathfield and Burwood nearby. A buyer weighing it against a suburb with its own station should test the actual journey they would make, including the walk or drive to the station.
Metro West construction at North Strathfield will affect parts of the surrounding area before the 2032 target opening, though the eventual station will improve accessibility from this part of the inner west.
Lending considerations for Concord
- 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.
Lender policy differs between institutions and changes over time. The guide to Australian lenders explains how credit policy varies, and the home loan guide sets out the main loan structures.
Transfer duty when buying in Concord, NSW
Transfer duty, commonly called stamp duty, is set by the state or territory rather than by suburb. The table shows indicative duty in New South Wales for an owner-occupier buying an established home at four illustrative purchase prices. These prices are examples only and are not an indication of values in Concord.
| Purchase price | Owner-occupier duty | Eligible first home buyer |
|---|---|---|
| $500,000 | $16,687 | Nil |
| $750,000 | $27,937 | Nil |
| $1,000,000 | $39,187 | $39,187 |
| $1,500,000 | $63,787 | $63,787 |
Indicative relief: full exemption to $800,000 and a sliding concession to $1,000,000 under the First Home Buyers Assistance Scheme. Figures are indicative, exclude transfer and mortgage registration fees, and are subject to change. Eligibility conditions apply. Confirm the amount with the relevant revenue office before relying on it, or model a specific price with the stamp duty calculator. Grants and guarantees are explained in the government grants guide.
Frequently asked questions about buying in Concord
Does Concord have a train station?
No. Concord West, North Strathfield and Burwood stations are nearby on the Sydney Trains network, and Sydney buses serve the suburb. A buyer weighing Concord against a suburb with its own station should test the actual journey, including the walk or drive to the station.
How does Concord differ from the suburbs around it?
It has resisted apartment development. At the 2021 Census, 70.6 per cent of occupied homes were separate houses, against 21.2 per cent in Burwood, 22.1 per cent in Ashfield and 12.3 per cent in Homebush. Outright ownership of 44.2 per cent is also much higher.
Will Metro West serve Concord?
A Sydney Metro West station is confirmed at North Strathfield nearby, with early works begun. The line is targeting an opening date of 2032 and will double rail capacity between Parramatta and the Sydney central business district when it opens.
Is flooding a consideration in Concord?
It can be near the Parramatta River. Flood and foreshore considerations apply to land in that corridor, and the section 10.7 planning certificate, which the vendor must attach to the contract before exchange, records the position for a specific address.
Is it hard to rent in Concord?
The rental market is comparatively small. The 2021 Census recorded 1,143 rented dwellings among 4,916 occupied private dwellings, or 23.5 per cent of households with a stated tenure, against 30.6 per cent nationally. Median weekly rent was $570.
Who lives in Concord?
The 2021 Census counted 14,551 residents with a median age of 43 and an average household size of 2.8 people. Of households with a stated tenure, 44.2 per cent owned outright, 31.2 per cent held a mortgage and 23.5 per cent rented. Median weekly household income was $2,410.