Suburb Profile Report for Canley Heights NSW (2166)

Canley Heights House: Median price $780,000, Annual capital growth 9.16%, Number of sales 143, Weekly median advertised rent $450

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Expert Report

NSW has seen average median house prices change by 6.87% which means that Canley Heights, 2166 has done well for property investors by showing a capital gain of 7.59% over the last year

Canley Heights,2166 was ranked 1701 in Australia by increase in median property value over the quarter.

State is the 7th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.49% offered to property buyers. Sellers in Canley Heights itself are offering an average vendor discount of -8.99% to real estate investors.

With the median price for a house in Canley Heights being $780000 and the advertised rent reaching $450 the gross rental yield for property investors calculates out to be 3.00%

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Located in the south-west of Sydney, about 31km from the CBD, Canley Heights is a growing family area with a strong migrant population. Full summary

Located in the south-west of Sydney, about 31km from the CBD, Canley Heights is a growing family area with a strong migrant population.

According to ABS estimates, the area’s population grew 5% per annum in the four years to 2009. Meanwhile, at the 2006 Census, 57.9% of residents were born overseas and 27% of these were born in South-East Asia.

These figures are similar to those of Canley Heights’ neighbouring areas, with the nearby suburb of Cabramatta known to have the largest Vietnamese community in Australia. However, with the median house price being around $60,000 higher in Cabramatta, Canley Heights ticks the box for affordability.

In terms of amenities, Canley Heights is well equipped for young families, with a primary school located in the area and the Endeavour Sports Reserve sitting in the northern parts of the suburb. The Cumberland Highway also runs through Canley Heights, making it a 45-minute drive to the city, and the nearest CityRail station is less than five minutes away in the neighbouring suburb of Canley Vale.

The Professionals Canley Heights principal Phong Nguyen says the appeal of late-night shopping facilities and restaurants has brought many people into the area.

“People are willing to pay a little bit extra over the market value to be close to these,” says Nguyen.

According to SQM Research, the suburb’s rental market is strong, with renters making up 34% of the market in 2006. Meanwhile, vacancy rates have consistently been below 2% over the past five years, according to SQM Research figures. 

Nguyen recommends investing in houses rather than units to earn the best returns.

“If they are looking at Canley Heights, then they are probably looking at anything off Canning Vale Road and maybe a few streets behind it.  A bit further down the creek, you might be able to invest too,” he says.

Close
HOUSE UNIT
$780,000 N/A
1.96% N/A
7.59% N/A
9.16% N/A
$450 N/A
143 N/A
3.00% N/A
111.54 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (U), Above average (H)
Find a mortgage broker in Canley Heights NSW
Demographics
Total population 10454
Median household income ($/weekly) 1018
Median age of persons 35
Median housing loan repayment ($/monthly) 1733
Average household size 3.4
  • Census Count Percent(%)
    5-14 years 1542 14.7
    25-34 years 1331 12.7
    35-44 years 1553 14.9
    45-54 years 1515 14.5
    55-64 years 990 9.5
    Others 3525 33.7
    Age Group
    Census Count Percent(%)
    Not Married 3889 49.6
    Registered Married 3652 46.6
    Defacto Relationship 298 3.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 4213 42.3
    Canada 775 7.8
    Croatia 226 2.3
    Viet Nam 2783 27.9
    Other 678 6.8
    Others 1293 13.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 4471 45.5
    Christianity 4206 42.8
    Islam 193 2.0
    Other Religious Groups 26 0.3
    No Religion 906 9.2
    Others 23 0.2
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 329 12.6
    $600-$799 312 12.0
    $800-$999 241 9.3
    $1,000-$1,249 274 10.5
    $1,500-$1,999 328 12.6
    Others 1119 43.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 3791 48.2
    Employed, worked full-time 2394 30.4
    Employed, worked part-time 966 12.3
    Unemployed, looking for work 448 5.7
    Employed, away from work 273 3.5
    Person Characteristics
  • Census Count Percent(%)
    Professionals 435 12.0
    Technicians & trades workers 468 12.9
    Clerical & administrative workers 470 13.0
    Machinery operators & drivers 528 14.6
    Labourers 701 19.3
    Others 1026 28.3
    Occupation
    Census Count Percent(%)
    Pre-school 131 4.9
    Infants/Primary 861 32.3
    Secondary 880 33.0
    Technical or Further Educational Institution 277 10.4
    University or other Tertiary Institutions 425 16.0
    Others 89 3.3
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 7174 70.9
    Semi-detached, row or terrace house, townhouse 2910 28.8
    House or flat attached to a shop, office 19 0.2
    Flat, unit or apartment 12 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 973 34.4
    Fully owned 948 33.5
    Rented 892 31.5
    Other tenure type 18 0.6
    Tenure Type
Census 2011, ABS
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Recent sales & rentals