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Canadian

POSTAL CODE: VIC, 3350
HOUSE
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Property investments in CANADIAN did not fare well against the rest of the country last year, registering a median home price decrease of 10%.

Figures from the previous quarter show that capital gains for real estate buyers in the territory are low, as opposed to average gains per annum over the past five years.

Based on its average 5-year and quarterly capital gains CANADIAN, 3350 saw average growth in the long term.

Real estate investors could earn a rental income of $432.5 based on current median home prices for the suburb.

It is expected, nonetheless, for properties to spend some time on the market prior to a successful sale. homes and units usually stay on listing for an average of 67.8 days.

Besides that, the Australian suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.

Property investors perceived the median home price rise to $550,000.

CANADIAN ranks 142nd on the list of best yielding suburbs for rental properties in VIC, posting a 4.09% return.

Surburb overview

Canadian is a residential suburb of Ballarat in Victoria, located approximately 105 kilometres north-west of Melbourne’s central business district and about 4 kilometres south-east of Ballarat Central.

The suburb forms part of the City of Ballarat local government area and is positioned between Ballarat East and Mount Clear.

According to the 2021 Census, Canadian had a population of 3,609 residents, reflecting its role as an established suburban area within Ballarat’s southern growth corridor.

The suburb developed during the Victorian gold rush of the 1850s, with its name believed to reference Canadian miners who worked in the district during that period.

Residential housing includes a mix of older dwellings and more recent developments, particularly along the southern and eastern edges.

Canadian State Forest borders the suburb and provides walking tracks, cycling trails and bushland recreation opportunities.

Local amenities include primary schools and sporting facilities, while secondary schools, such as Mount Clear College, are located in neighbouring suburbs.

Retail and commercial services are primarily accessed in Ballarat Central or nearby Mount Clear, where supermarkets and community facilities are concentrated.

Public transport is provided by bus services connecting the Canadian to Ballarat railway station, which offers V/Line train services to Melbourne’s CBD via the Ballarat line.

Canadian experiences a temperate climate with warm summers and cool to cold winters, typical of Ballarat’s elevated inland setting.

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