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AREA REPORTS

Canterbury

Suburb Profile

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

house
unit

Property investors enjoyed capital gains of 15.58% 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 7.18% 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 $995 based on current median home prices for the suburb.

On average, rents on listings have reached the $995 mark, reflecting a 1.85% increase in returns based on the current median price in CANTERBURY.

CANTERBURY, 3126 ranks 63rd in VIC in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 626th on the list of best yielding suburbs for rental properties in VIC, posting a 1.85% return.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $2,800,000 $1,210,000
GROWTH REPORT
Median Quarterly -2.86% -11.03%
Median 12 month 15.58% 22.84%
Median 3 years 7.18% 24.1%
Median 5 years 40% 40.53%
10 years average annual 5.73% 7.86%
Weekly media advert. rent $995 $520
Time on Market 64.5 days 40.7 days
Gross Rental Yield Percent 1.85% 2.23%
demographics (median values)
Total Population
7664
Weekly Household Income
1961
Household Size
2.80
demographics
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