Suburb Profile Report for Canley Vale NSW (2166)

Canley Vale House: Median price $815,000, Annual capital growth 9.50%, Number of sales 68, Weekly median advertised rent $450

Canley Vale Unit: Median price $441,850, Annual capital growth 8.94%, Number of sales 52, Weekly median advertised rent $350

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Investment property in Canley Vale has done around average for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 4.49%

While Canley Vale,2166 ranked number 1109th in NSW for increase in median house value (annualised) increase, it is ranked 457th over the last 5 years.

Our latest figures would indicate that property sellers in Canley Vale are currently offering property investors an average price cut of -3.98% below the asking price at the moment.

Residents and property investors in Canley Vale have been waiting around 96.87 days to sell a property.

Advertised rents are around the $450 mark per week – giving a return of 2.87% based on the median price in Suburb

Canley Vale has had a pretty good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 12.57% 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 6.42%. This puts Suburb as 80 on a list of fastest fasting appreciating suburbs in NSW

At number 37th of NSW’s most discounted properties, Canley Vale is in the bottom 10% of the state/territory when listing in order of most discounted to least.

A $350 per week rent on the median house gives suburb investors a gross yield of circa 4.12%, without taking into account capital value appreciation, which has been averaging out at 8.94%.

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
$815,000 $441,850
-0.37% 6.42%
4.49% 12.57%
9.50% 8.94%
$450 $350
68 52
2.87% 4.12%
96.87 62.83

Source: CoreLogic

DSR Score for property investment : Above average (H), Good (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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