VIC/
Canterbury

Suburb Profile

Canterbury - FREE SUBURB PROFILE REPORT
POSTAL CODE: VIC,3126

house
unit

Property investors enjoyed capital gains of 12.26% over the last 12 months in CANTERBURY, translating to lower returns compared with its peers in VIC.

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.

The suburb posted a 42.21% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.

This number can mean, real estate investors could earn a rental income of $980 based on current median home prices for the suburb.

On average, rents on listings have reached the $980 mark, reflecting a 1.8% increase in returns based on the current median price in CANTERBURY.

CANTERBURY, 3126 ranks 302nd in VIC in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 585th on the list of best yielding suburbs for rental properties in VIC, posting a 1.8% return.

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $2,830,000 $1,008,000
GROWTH REPORT
Median Quarterly 5.2% -0.79%
Median 12 month 12.26% 5.11%
Median 3 years 42.21% 18.59%
Median 5 years 76.46% 52.73%
10 years average annual 8.22% 4.36%
Weekly media advert. rent $980 $450
Time on Market 54.7 days 0.0 days
Gross Rental Yield Percent 1.8% 2.32%
demographics (median values)
Total Population
7664
Weekly Household Income
1961
Household Size
2.80
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