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Condell Park, NSW 2200

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Condell Park, NSW 2200 located in Sydney to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

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Rent 

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Yield 

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Buy 

1BR

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Rent 

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Yield 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Condell Park, NSW 2200”

  1. The total adult population (15 years or older) of Condell Park 2200 NSW is 10,014, with a median age of 34. Of those, 50.59% are married, 11.47% are divorced or separated, 33.31% are single and 4.62% are widowed.

    The average household size is 3.4 people per dwelling, and the median household monthly income is estimated to be $6,844. The median monthly mortgage repayment for households in this suburb is $2,300 which is 33.61% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in the heart of New South Wales, the residential suburb of Condell Park, 2200, is a thriving community estimated to house just approximately 4,758 households. Drilling down into the property market statistics for homes in this area, we see some interesting dynamics playing out.

    As of the third quarter of 2023, homes in Condell Park 2200 feature typical prices of around $1,259,898, whilst median weekly rents sit at $617. These figures produce an indicative yield, guiding investors, of approximately 2.55%, slightly below the desired yield of 3%.

    Pertaining to its socio-economic standing, Condell Park scores an IRSAD rating of 959 out of 1217, suggesting a strong socio-economic status. The renter to owner ratio stands at 28%. A lower-than-average ratio, implying that the property market is not overly saturated with rental properties, and thus, the long-term returns and demand are potentially higher.

    The suburb interestingly shows a units to houses ratio of 0%. This reveals that there’s incredibly minimal competition among landlords for tenants due to the lack of unit availability, which benefits rental yields and appeals to families looking for long-term residence.

    However, the affordability index leans towards the high side, standing at 72 years, indicating a less affordable market based on the average income, interest rate and property prices.

    Looking at the supply side, the stock on market Percentage cuts in at just 0.21%, a favourable figure indicating low supply. Correspondingly, the inventory level for houses rings in at just 0.94 months, further indicating that demand outweighs supply. building approvals Ratio settles at a modest 0.32%, hinting at a very gradual increase in new dwelling stock.

    Demand side metrics are equally crucial in illuminating market behaviours. Specifically, for the houses in Condell Park, they take an average of only about 24 days to sell, showcasing a high demand. The Vacancy Rate, taking into account both houses and units, is at an impressively low 0.75%, hinting at high demand and rental stability. The buy search index for the houses clocks in at 4, slightly higher than the average, indicating a reasonable demand for purchasing.

    In conclusion, Condell Park presents a promising investment opportunity, especially for property investors seeking consistent rental yields and appreciation potential. However, keep in mind, the affordability barrier may impact the demand in the longer run. Always be aware of evolving market trends, and remember that RCS (Relative Composite Score) by HtAG Analytics provides an effective tool to streamline your property market research.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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