Suburb Profile Report for Canley Vale NSW (2166)

Canley Vale House: Median price $818,000, Annual capital growth 10.16%, Number of sales 70, Weekly median advertised rent $425

Canley Vale Unit: Median price $410,000, Annual capital growth 7.79%, Number of sales 58, Weekly median advertised rent $335

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

At number 2212th in the list of Australian suburbs ordered by increase in median house value over the last year, Canley Vale, 2166 is in the BOTTOM 50% with a property value increase of 4.87% recorded in median house prices.

A 75.16% growth in median value for property investors in Canley Vale,2166 puts this suburb at number 1148th in terms of best performing suburbs in NSW

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Canley Vale, 2166. Typically our figures indicate that -6.99% is being offered, which puts this NSW suburb at 1190th most discounted overall in Australia.

Property investors should expect to get $425 weekly from the median priced house in this suburb.

Over the last year, property investments in Canley Vale, 2166 have given investors a capital gain of 0.00%. This compares badly with the 6.22% for NSW as a whole.

The five-year average increase in median property values for Canley Vale,2166 has given property investors a potential capital gain of 53.99% across each of those five years.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Canley Vale, 2166. Typically our figures indicate that -6.82% is being offered, which puts this NSW suburb at 315th most discounted overall in Australia.

Canley Vale, 2166’s gross rental yield is 4.25%

YIP MAG Information supplied by:

YIP MAG
February 2016

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Units in the Western Sydney suburb of Canley Vale have seen some solid price movement over recent yearsFull summary Units in the Western Sydney suburb of Canley Vale have seen some solid price movement over recent years.

While they may be affordable now at $365,000, that may not last too much longer if they continue on their current growth path.

The median price in Canley Vale, which neighbours Cabramatta, has risen 12% in the last year and 58% over the last five.

That strong price growth has made the suburb’s units a hot commodity; they are now spending less than 40 days on the market.

Landlords are currently seeing solid rental returns of 5%, and it’s not likely to be difficult to find a tenant as Canley Vale’s vacancy rate is just 1.43%, according to Real Estate Investar.

Canley Vale train station links the suburb to the CBDs of Parramatta and Cabramatta, and there is a bustling restaurant scene along Canley Vale Road.Close
Metrics i HOUSE UNIT
$818,000 $410,000
-0.12% 2.50%
4.87% 0.00%
10.16% 7.79%
$425 $335
70 58
2.70% 4.25%
83.47 78.94

Source: CoreLogic

DSR Score for property investment : Balanced (H), Above average (U)
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Demographics
Total population 9296
Median household income ($/weekly) 824
Median age of persons 35
Median housing loan repayment ($/monthly) 1430
Average household size 3.1
  • Census Count Percent(%)
    5-14 years 1267 13.6
    25-34 years 1381 14.9
    35-44 years 1305 14.0
    45-54 years 1350 14.5
    55-64 years 924 9.9
    Others 3069 33.0
    Age Group
    Census Count Percent(%)
    Not Married 3536 51.7
    Registered Married 3039 44.5
    Defacto Relationship 259 3.8
    Social Marital Status
  • Census Count Percent(%)
    Australia 3323 37.9
    Canada 562 6.4
    Croatia 428 4.9
    Viet Nam 2505 28.6
    Other 687 7.8
    Others 1267 14.4
    Country of Birth
    Census Count Percent(%)
    Buddhism 3813 44.0
    Christianity 3418 39.5
    Hinduism 52 0.6
    Islam 319 3.7
    No Religion 1010 11.7
    Others 50 0.6
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 310 12.2
    $600-$799 358 14.1
    $800-$999 243 9.6
    $1,000-$1,249 255 10.1
    $1,500-$1,999 245 9.7
    Others 1122 44.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 3420 49.4
    Employed, worked full-time 1989 28.7
    Employed, worked part-time 823 11.9
    Unemployed, looking for work 465 6.7
    Employed, away from work 231 3.3
    Person Characteristics
  • Census Count Percent(%)
    Professionals 410 13.5
    Technicians & trades workers 435 14.3
    Clerical & administrative workers 375 12.3
    Machinery operators & drivers 444 14.6
    Labourers 533 17.5
    Others 850 27.9
    Occupation
    Census Count Percent(%)
    Pre-school 148 6.3
    Infants/Primary 707 30.1
    Secondary 735 31.3
    Technical or Further Educational Institution 261 11.1
    University or other Tertiary Institutions 393 16.7
    Others 108 4.6
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5485 62.3
    Flat, unit or apartment 1753 19.9
    Semi-detached, row or terrace house, townhouse 1555 17.7
    House or flat attached to a shop, office 7 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1023 37.1
    Fully owned 859 31.1
    Being purchased 854 30.9
    Other tenure type 24 0.9
    Tenure Type
Census 2011, ABS
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Recent sales & rentals