Suburb Profile Report for Canley Vale NSW (2166)

Canley Vale House: Median price $815,000, Annual capital growth 9.50%, Number of sales 62, Weekly median advertised rent $425

Canley Vale Unit: Median price $399,500, Annual capital growth 7.22%, Number of sales 59, Weekly median advertised rent $330

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

If you compare the increase in value of investment property in Canley Vale, 2166 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this NSW suburb was 5.98%.

Taking the average capital gain, or increase in median house value, Canley Vale,2166 has racked up an average of 5.98% over the period. This ranks it number 104th in the whole country for real estate investors looking at median house price increases.

At number 56th 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.

At number 1451 in a list of fastest selling suburbs, Canley Vale is in the TOP 40% of suburbs in Australia with an average of days on market 71.58 for properties listed there.

Using the current median advertised rental of $425 and the average annual increase in value of a median property of 9.50%, investors should hope to achieve an overall return of 2.71%

If you compare the increase in value of investment property in Canley Vale, 2166 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this NSW suburb was 2.44%.

A 50.75% growth in median value for property investors in Canley Vale,2166 puts this suburb at number 210th in terms of best performing suburbs in NSW

Property investors looking for a bargain in Canley Vale should be aiming for at least -7.38% off the asking price, which is the average vendor discount being achieved at the moment.

At number 813 in a list of fastest selling suburbs, Canley Vale is just in the bottom half of suburbs in Australia with an average of days on market 81.91 for properties listed there.

Canley Vale is 233th on a list of best yielding suburbs for rents in NSW with a 4.30% return

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
HOUSE UNIT
$815,000 $399,500
5.16% 2.44%
5.98% 2.44%
9.50% 7.22%
$425 $330
62 59
2.71% 4.30%
71.58 81.91

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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Recent sales & rentals