Rental Insights
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Source: stashproperty.com.au
Development Stats
2024
436
2.5
About the Property
75 BROUGHTON STREET, CONCORD
Remarkable family entertainer just 750m from daily amenities
A statement of undeniable luxury, this remarkable home sets a new standard of sophistication and functionality. Meticulously crafted with top-tier finishes, it offers an impressive fusion of elegance and practicality that surpasses all expectations of family living. Its sleek interiors are awash with natural light and promote boundless space for entertaining, living and socialising on a grand or intimate scale. Set within 750m of Majors Bay dining and boutiques, the property is also mere footsteps from Concord Park.
– Free-flowing design unveils a bright lounge/dining area with in-built cabinetry
– Seamless in/outdoor flow to a covered alfresco terrace with a built-in barbecue
– Elevated yard overlooks the swimming pool, perfect for outdoor entertaining
– Stone kitchen features stainless steel Smeg gas appliances and a walk-in pantry
– Five generous bedrooms each with built-ins, two of the bedrooms are masters
– Three bedrooms include ensuite bathrooms, bed one enjoys a private balcony
– Custom-appointed main bathroom with floor-to-ceiling tiles and a rain shower
– Upstairs study, bar area, ducted air-conditioning, down/sky lighting throughout
– Double automatic garage with internal access, linen and under-stairs storage
– Short walk to public transport, set within 1.6km from schools and Bayview Park
From the realestate.com.au listing
Source: stashproperty.com.au
About the Suburb
Concord is a diverse suburb with a mix of age groups, including a significant number of residents aged 20-44 years. The median household income is relatively high, supporting a comfortable lifestyle. The suburb has a good proportion of professionals and managers, indicating a well-educated and affluent community. Commuting patterns show a reliance on motor vehicles, but a substantial portion of residents also work from home.
Concord presents good investment opportunities, with a healthy property market characterized by strong demand as indicated by the low vacancy rates and high market absorption rate. The suburb offers potential for renovation projects, especially for units with a high sale price IQR ratio. Both houses and units have shown consistent growth in median prices, making it an attractive location for capital growth. The rental market is also robust, with high rental yields and room demand-supply ratios.
Concord is an appealing suburb for both homeowners and investors. Homeowners can enjoy a comfortable lifestyle in a well-established community with access to educational opportunities. Investors can benefit from a strong property market with potential for renovation projects and steady capital growth, along with a robust rental market. Overall, Concord offers a blend of lifestyle and investment advantages.
Sources:
– proptechdata.com.au
– Australian Bureau of Statistics (ABS) Census 2021
– Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022
Suburb Median
Vacancy Rate
