Selling points: The leafy suburb of Canterbury has a population of around 7,857 and is situated approximately 10km east of Melbourne’s CBD. It is affluent, has a lot of charm and character and is one of Melbourne’s most expensive and exclusive areas.
Most sought after properties: Currently there is very good demand for two-bedroom units, which are an entry point for some first home buyers. Most two-bedroom villa units are selling for in excess of $500,000 at the moment. There are also a number of people downsizing from their large family homes into three-bedroom, two-bathroom units, which are always highly sought after.
A lot of the larger family homes are commanding prices in excess of $1.5m but there is usually good demand for good homes in the area.
Most common properties: Canterbury is characterised by substantial period homes on good parcels of land and a lot of the area has a heritage overlay.
Top amenities: The suburb has a number of the most prestigious private schools in Melbourne and also an excellent primary school, high school and girl’s secondary college. Canterbury is also known for its lovely parks and gardens, Canterbury Sports Ground and is home to the Camberwell Hockey Club.
Maling Road, the main shopping strip, has many quaint and interesting shops, cafes and restaurants, including some quality produce shops. An abundance of excellent health services also exist in the area.
Local industry and business: Many of the residents commute into the city to work, while a number of locals work within businesses in the area.
Recent changes: The local council is very keen to maintain the period charm of the area and have the support of many of the local residents. There have been a couple of low level developments in the area in the past 10 years but no high rise developments.
Best streets: Streets close to the Maling Road precinct are in high demand, being close to shops, transport and schools. They are more affordable than some of the more exclusive streets such as Monomeath Avenue, Victoria Avenue, Hopetoun Avenue, Alexandra Avenue, The Ridge, and Mont Albert Road (‘The Golden Mile’).
Public transport: The area has good access to trains, trams and buses.
Main arteries: The Eastern and also Monash Freeways are a few minutes’ drive and provide quick access to the city, outer suburbs and rural areas.