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Canada Bay

POSTAL CODE: NSW, 2046
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Property investors enjoyed capital gains of 11.16% over the last 12 months in CANADA BAY, translating to lower returns compared with its peers in NSW.

Figures from the previous quarter show that capital gains for real estate buyers in CANADA BAY are high, as opposed to average gains per annum over the past five years.

The suburb posted a 8.55% growth in median prices over a three-year period. This is considerably lower than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $1237.5 based on current median home prices for the suburb.

On average, rents on listings have reached the $1237.5 mark, reflecting a 2.19% increase in returns based on the current median price in CANADA BAY.

CANADA BAY, 2046 ranks 342nd in NSW in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 1014th on the list of best yielding suburbs for rental properties in NSW, posting a 2.19% return.

Surburb overview

Canada Bay is a picturesque, tranquil waterfront suburb approximately 11 kilometres west of the Sydney Central Business District. It forms part of the City of Canada Bay Local Government Area and is known for its beautiful views of the Parramatta River, green open spaces, and a strong sense of community.

The suburb has a relatively small population, forming part of the larger Canada Bay Council area, with most residents living in adjacent suburbs such as Five Dock and Concord. The housing landscape in Canada Bay consists primarily of freestanding homes, many of which are modern or renovated, and some townhouses and apartments that take advantage of the suburb’s waterfront location. Many homes in the area offer stunning views of the bay and surrounding greenery.

Public transport in Canada Bay is mainly serviced by bus routes connecting the suburb to the Sydney CBD, nearby Five Dock, and other parts of the Inner West. The suburb is also easily accessible by car, with major roads such as Parramatta Road and Lyons Road providing convenient routes to the city and surrounding areas. While Canada Bay does not have a train station, nearby suburbs like Strathfield and Concord West offer railway access, providing additional connectivity.

One of Canada Bay's key attractions is its many parks and recreational spaces. The Bay Run, a popular walking and cycling track, loops around the shores of Iron Cove, offering residents scenic views of the water and access to parks like Timbrell Park and Lysaght Park.

Canada Bay is closely associated with the broader area that shares its name, which includes surrounding suburbs such as Five Dock, Concord, and Drummoyne. These neighbouring suburbs provide access to various shopping, dining, and entertainment options. Nearby Five Dock offers a range of cafes, restaurants, and essential services along Great North Road, while Concord’s Majors Bay Road is another local hub for dining and shopping.

Several schools in nearby areas support the suburb’s family-friendly environment, including Five Dock Public School, Concord Public School, and Rosebank College. The suburb’s safe streets, access to parks, and quality schools make it a desirable location for families with children. The nearby Concord Golf Club and Canada Bay Club also offer recreational opportunities for sports enthusiasts and residents seeking leisure activities close to home.

Canada Bay’s location along the Parramatta River gives it a serene waterfront atmosphere. There are opportunities for kayaking, boating, and fishing. The nearby Cabarita Wharf provides ferry services to Circular Quay, offering a scenic and convenient transport option for residents commuting to the city.

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