Canterbury

POSTAL CODE: VIC, 3126
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Property investors enjoyed capital gains of 18.52% 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 13.86% 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 $1150 based on current median home prices for the suburb.

On average, rents on listings have reached the $1150 mark, reflecting a 1.59% increase in returns based on the current median price in CANTERBURY.

CANTERBURY, 3126 ranks 24th in VIC in terms of median property value increase and capital gains, based on year-to-date figures.

While it ranks 576th on the list of best yielding suburbs for rental properties in VIC, posting a 1.59% return.

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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