Over the last year, property investments in Canterbury, 2193 have given investors a capital gain of 0.20%. This compares very badly with the 7.47% for NSW as a whole.
Taking the average capital gain, or increase in median house value, Canterbury,2193 has racked up an average of 0.20% over the period. This ranks it number 197th in the whole country for real estate investors looking at median house price increases.
LACK OF BUYER INTEREST may well be the reason that Canterbury is offering property investors an average of -5.49. This rate of discount on properties puts Suburb at number 1203th in terms of most discounted suburbs in NSW
In the last year 40 properties changed hands in Canterbury, which puts it as the 793th most active market in NSW when comparing the number of sales per suburb.
A $565 per week rent on the median house gives suburb investors a gross yield of circa 2.35%, without taking into account capital value appreciation, which has been averaging out at 9.95%.
Property value increases in Canterbury have tracked just lower than the NSW average of 5.88% 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.
The most recent median price for Canterbury is $667750, with sellers offering an average of -6.41% off the asking price.
Advertised rents are around the $540 mark per week – giving a return of 4.21% based on the median price in Suburb