Suburb Profile



CANTERBURY, 2193 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value.

Average median house prices in NSW have risen as a whole, pulling CANTERBURY, 2193 values up and netting property investors a capital gain of 2.43% for the past year.

Investors saw the median home price rise to $1,265,000.

Profits due to an downward trend in home prices in the suburb averaged -2.1% per annum over a 3-year period.

CANTERBURY now ranks at the 1168th place on a list of fastest growing suburbs in the territory.

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

Because of this real estate investors could earn a rental income of $580 based on current median home prices.

Regardless, it is expected for properties to spend some time on the market prior to a successful sale. In CANTERBURY, homes and units usually stay on listing for an average of 0.0 days.

In 2016, 32 properties were sold in CANTERBURY during the past year, making it the 635th most active market in NSW based on total real estate transactions.

Surburb overview

Canterbury is a suburb located 10 kilometres of Sydney’s central business district. It belongs to the local government area of the City of Canterbury-Bankstown Council.

A suburb was born

The area was first inhabited by the Aborigines from the Bediagal clan, who spoke the Eora dialect of the Dharug language. White settlement began in the late 1700s, as a result of a British expedition.

The next century saw the establishment of Canterbury’s trade and commerce with the founding of the suburb’s first sugar mill. Soon the local economy expanded, and a tannery and boiling down facility were erected. The municipality of Canterbury followed as an offshoot of the thriving business environment and the swelling population.

Real estate environment

Times are changing in Canterbury, long ignored by home buyers who are hell bent in buying properties only in the inner west. Apartments have risen to be a favorite among young professionals and families purchasing units in the suburb. New developments are scattered across the suburb, including several multi-family properties in close proximity to the town centre. Houses for sale often include both contemporary and old homes. If you’re fortunate, you could chance upon a heritage home for a fraction of the cost.

The median home price in Canterbury is an estimated $1.3 million; a unit, on the other hand, costs $670,000. Rental prices have posted modest growth, reflecting an increase of 2.37 per cent for homes and 4.19 per cent for units.

Data report can be found below

Median Price $1,265,000 $659,000
Median Quarterly -3.88% 0%
Median 12 month 2.43% 2.97%
Median 3 years -6.3% -4.77%
Median 5 years 14.9% 1.38%
10 years average annual 7.4% 5.14%
Weekly media advert. rent $580 $470
Time on Market 0.0 days 73.6 days
Gross Rental Yield Percent 2.38% 3.71%
demographics (median values)
Total Population
Weekly Household Income
Household Size
select a category
Age group
Top 10 Birth Countries
Dwelling Structures
Household Income
Labour Force
Marital Status
Religious Affiliation
Tenure Type

Subscribe to get the latest news and updates

5 key changes sought to drive WA property market

5 key changes sought to drive WA property market

Politicians are being urged to make real estate a key focus of elections, in a bid to create a fairer and more prosperous market. ...


Has COVID-19 truly killed the office?

Sophisticated investors have traditionally held a mixture of residential and commercial properties in their portfolios, but today’s COVID-...

Tax deductions you can claim on your investment property

Tax deductions you can claim on your investment property

Investment properties (or properties used for income-producing purposes) have unique tax deductions that you can use to lower the tax that y...

Apartment rents tumble off the cliff in Sydney and Melbourne

Apartment rents tumble off the cliff in Sydney and Melbourne

Apartment rents have fallen off a cliff in Sydney and Melbourne, on the back of collapsing demand among internationals students and migrants...

Shopping mall values shrink

Shopping mall values shrink considerably as COVID-19 bites

The value of directly held assets by shopping mall owner Vicinity Centres contracted by $570 million on the back of the pandemic’s hammer ...

Property sector jobs in demand as property boom arrives

Property sector jobs in demand as property boom arrives

Despite a COVID-induced economic downturn, real estate remained resilient, ultimately emerging as one of the most in-demand jobs markets in ...

Website Notifications

Get notifications in real-time for staying up to date with content that matters to you.