Suburb Profile Report for Canterbury NSW (2193)

Canterbury House: Median price $1,252,500, Annual capital growth 9.95%, Number of sales 40, Weekly median advertised rent $565

Canterbury Unit: Median price $667,750, Annual capital growth 7.55%, Number of sales 167, Weekly median advertised rent $540

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
TOP 100 suburbs

Source: CoreLogic

  • House Report
  • Unit Report

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

Metrics i HOUSE UNIT
$1,252,500 $667,750
0.00% 0.41%
0.20% 1.17%
9.95% 7.55%
$565 $540
40 167
2.35% 4.21%
39.3 95.76

Source: CoreLogic

DSR Score for property investment : Above average (U), Above average (H)
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Demographics
Total population 6160
Median household income ($/weekly) 1229
Median age of persons 37
Median housing loan repayment ($/monthly) 2150
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 647 10.5
    25-34 years 1047 17.0
    35-44 years 992 16.1
    45-54 years 880 14.3
    55-64 years 638 10.4
    Others 1957 31.8
    Age Group
    Census Count Percent(%)
    Registered Married 2316 48.4
    Not Married 2150 44.9
    Defacto Relationship 319 6.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 2813 48.7
    Croatia 437 7.6
    Hong Kong 273 4.7
    Viet Nam 200 3.5
    Other 784 13.6
    Others 1275 22.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 437 7.7
    Christianity 3616 63.8
    Hinduism 205 3.6
    Islam 351 6.2
    No Religion 996 17.6
    Others 66 1.2
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 203 10.4
    $800-$999 178 9.1
    $1,000-$1,249 217 11.1
    $1,500-$1,999 301 15.4
    $2,000-$2,499 177 9.1
    Others 879 45.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1861 38.7
    Not in the labour force 1694 35.3
    Employed, worked part-time 853 17.8
    Unemployed, looking for work 211 4.4
    Employed, away from work 184 3.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 325 11.2
    Professionals 607 21.0
    Technicians & trades workers 394 13.6
    Clerical & administrative workers 424 14.6
    Labourers 321 11.1
    Others 825 28.5
    Occupation
    Census Count Percent(%)
    Infants/Primary 397 28.2
    Secondary 327 23.3
    Technical or Further Educational Institution 179 12.7
    University or other Tertiary Institutions 371 26.4
    Other type of educational institution 70 5.0
    Others 62 4.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3328 57.1
    Flat, unit or apartment 1966 33.7
    Semi-detached, row or terrace house, townhouse 438 7.5
    House or flat attached to a shop, office 98 1.7
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 747 35.3
    Being purchased 689 32.6
    Fully owned 673 31.8
    Other tenure type 6 0.3
    Tenure Type
Census 2011, ABS
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