Canterbury

POSTAL CODE: VIC, 3126

HOUSE

UNIT

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.

This number can mean, real estate investors could earn a rental income of $1300 based on current median home prices for the suburb.

On average, rents on listings have reached the $1300 mark, reflecting a 2.07% increase in returns based on the current median price in CANTERBURY.

CANTERBURY, 3126 ranks 642nd in VIC in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 566th on the list of best yielding suburbs for rental properties in VIC, posting a 2.07% return.

Property investors have seen a -17.68% drop in CANTERBURY based on a decrease in median home prices for the past three months.

Based on its average 5-year and quarterly capital gains CANTERBURY, 3126 saw average decrease in the long term.

CANTERBURY, 3126 delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,050,000.

Profits due to an downward trend in home prices in CANTERBURY, 3126 averaged -5.33% per annum over a 3-year period.

This number can mean, real estate investors could earn a rental income of $675 based on current median home prices for the suburb.

The gross rental yield in CANTERBURY, 3126 is 3.34%.

An average of 3.92 real estate transactions take place per month in CANTERBURY which translates to 47 per annum.

Surburb overview

Canterbury is an eastern suburb of Melbourne approximately 10 kilometres from the Central Business District. According to the 2021 Census, it has a population of 7,800, with a median age of 46.

Public transportation serves the suburb well, including the Canterbury and East Camberwell railway stations on the Lilydale and Belgrave lines. Tram routes 72 and 109 also provide further connectivity to Melbourne and surrounding areas.

Canterbury offers a variety of essential establishments, including retail outlets, dining options, and healthcare facilities. The main shopping area is around the railway station and includes Canterbury Road and Maling Road shops. More extensive shopping centres nearby include Burke Road in Camberwell and Whitehorse Road in Balwyn.

Canterbury offers diverse recreational activities, with several parks and green spaces available for residents. The suburb contains various parks and gardens and is home to the Camberwell Hockey Club in Matlock Street.

In terms of housing, the median property price for a house in Canterbury is approximately $3,079,000, with an annual capital growth of -6.84%. Rental yields for houses are currently around 1.93%, with a median weekly rent of $1,190.

Canterbury offers a blend of residential living with access to essential services and recreational opportunities, all close to Melbourne's city centre.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$3,260,000	$1,050,000
Growth Report
Median Quarterly	-5.64%	-17.68%
Median 12 month	-6.86%	-13.65%
Median 3 years	-3.91%	-16%
Median 5 years	2.27%	-7.61%
10 years average annual	3.28%	4.08%
Weekly media advert. rent	$1,300	$675
Time on Market	70.3 days	33.8 days
Gross Rental Yield Percent	2.07%	3.34%

Demographics (Median Values)*

Total Population 8056

Weekly Household Income 2440

Household Size 2.80

Average Age 44

Monthly Loan Repayment 2723

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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