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Canadian
AREA REPORTS

Canadian

Canadian - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3350

house
unit

Property investments in CANADIAN fare well against the rest of the country last year, registering a median home price increase of 19.25%.

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 $380 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 24.3 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 $495,500.

CANADIAN ranks 103rd on the list of best yielding suburbs for rental properties in VIC, posting a 3.99% return.

Data report can be found below

Canadian
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $495,500 $388,750
GROWTH REPORT
Median Quarterly 5.31% 16.22%
Median 12 month 19.25% 34.98%
Median 3 years 41.57% 49.52%
Median 5 years 42.59% 62.15%
10 years average annual 4.79% 5.56%
Weekly media advert. rent $380 $320
Time on Market 24.3 days 38.7 days
Gross Rental Yield Percent 3.99% 4.28%
demographics (median values)*
Total Population
59145
Weekly Household Income
1238
Household Size
2.40
Age
37
Monthly Loan Repayment
1408
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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