Property value increases in Canterbury have tracked just higher than the NSW average of 7.93% over the last 12 months.
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Canterbury has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Canterbury is offering property investors an average of -5.55. This rate of discount on properties puts Suburb at number 1217th in terms of most discounted suburbs in NSW
Advertised rents are around the $590 mark per week – giving a return of 2.49% based on the median price in Suburb
Canterbury has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of 3.00% to date .
Across a shorter period, Canterbury, 2193 has seen a median price increase of -0.52% over the last quarter.
Vendor discounting in Canterbury is giving property investors an average Vendor Discount of around -5.02%. This puts suburb at number 147th in NSW when ranking the most discounted suburbs.
Canterbury is 419th on a list of best yielding suburbs for rents in NSW with a 3.73% return