Concord vs Homebush

The median house price is $3.3M in Concord and $3.3M in Homebush, so Concord is the cheaper entry point, with Homebush houses about 2% dearer.

For units, Concord sits at a median of $1.6M against $670K in Homebush, which makes Homebush the more affordable unit market and Concord the pricier one.

On cash flow, Concord leads: houses there return a gross rental yield of 1.78%, compared with 1.42% in Homebush, a gap of 0.36 percentage points.

Over the past year house prices moved -0.9% in Concord (an estimate) and +15.3% in Homebush (an estimate), so recent momentum favours Homebush, while Concord went backwards.

Rental vacancy is 1.0% in Homebush and 2.2% in Concord, so landlords in Homebush face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Concord is the bigger suburb, with a population of 14,551 against 11,660, larger than Homebush; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Concord for rental income, Concord for a lower purchase price, Homebush for recent price momentum, Homebush for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.