At number 2847th in the list of Australian suburbs ordered by increase in median house value over the last year, Canterbury, 2193 is in the BOTTOM 40% with a property value increase of 0.20% recorded in median house prices.
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 155th 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 1211th in terms of most discounted suburbs in NSW
A $577.5 per week rent on the median house gives suburb investors a gross yield of circa 2.40%, without taking into account capital value appreciation, which has been averaging out at 10.17%.
NSW has seen average median house prices change by 5.73% which means that Canterbury, 2193 has done well for property investors by showing a capital gain of 2.10% over the last year
Over the longer term, Canterbury has seen property prices show investors a 18.19% return over the last 3 years. This is worse than over the last 12 months
Property buyers and investors in Canterbury 2193 should be seeing an average reduction in asking price of around -6.40% . This means that Canterbury is holding prices well when compared to other suburbs in NSW.
At number 1078 in a list of fastest selling suburbs, Canterbury is in the bottom 30% of suburbs in Australia with an average of days on market 96.74 for properties listed there.
Property investors should expect to get $530 weekly from the median priced house in this suburb.