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Canterbury
AREA REPORTS

Canterbury

Canterbury - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3126

house
unit

Property investors enjoyed capital gains of 18.11% 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 38.36% 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 $900 based on current median home prices for the suburb.

On average, rents on listings have reached the $900 mark, reflecting a 1.42% increase in returns based on the current median price in CANTERBURY.

CANTERBURY, 3126 ranks 401st in VIC in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 591st on the list of best yielding suburbs for rental properties in VIC, posting a 1.42% return.

Data report can be found below

Canterbury
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $3,300,000 $1,135,000
GROWTH REPORT
Median Quarterly 1.54% -0.26%
Median 12 month 18.11% 20.11%
Median 3 years 38.36% 30.87%
Median 5 years 26.92% 16.41%
10 years average annual 7.91% 6.47%
Weekly media advert. rent $900 $477.25
Time on Market 82.1 days 65.7 days
Gross Rental Yield Percent 1.42% 2.19%
demographics (median values)*
Total Population
8056
Weekly Household Income
2440
Household Size
2.80
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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