Suburb Profile Report for Canley Vale NSW (2166)

Canley Vale House: Median price $818,000, Annual capital growth 9.82%, Number of sales 65, Weekly median advertised rent $425

Canley Vale Unit: Median price $399,000, Annual capital growth 7.50%, Number of sales 61, Weekly median advertised rent $335

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Canley Vale is an average performer in NSW when comparing median price capital growth over the last year. Canley Vale gave property investors a average capital gain figure when compared to the rest of the state, with 6.23%.

Across a shorter period, Canley Vale, 2166 has seen a median price increase of 2.25% over the last quarter.

Vendor discounting in Canley Vale is giving property investors an average Vendor Discount of around -8.32%. This puts suburb at number 123th in NSW when ranking the most discounted suburbs.

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

Canley Vale has had a very poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -3.27% to date .

If we look at median property appreciation over just the last three months, Canley Vale has given property investors a paper return of 1.01%. This puts Suburb as 312 on a list of fastest fasting appreciating suburbs in NSW

Property buyers and investors in Canley Vale 2166 should be seeing an average reduction in asking price of around -7.17% . This means that Canley Vale is holding prices well when compared to other suburbs in NSW.

In the last year 61 properties changed hands in Canley Vale, which puts it as the 236th most active market in NSW when comparing the number of sales per suburb.

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 $399,000
2.25% 1.01%
6.23% -3.27%
9.82% 7.50%
$425 $335
65 61
2.70% 4.37%
79.52 74.43

Source: CoreLogic

DSR Score for property investment : Above average (U), Balanced (H)
Find a mortgage broker in Canley Vale NSW
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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