Suburb Profile Report for Canterbury VIC (3126)

Canterbury House: Median price $2,605,000, Annual capital growth 8.77%, Number of sales 103, Weekly median advertised rent $965

Canterbury Unit: Median price $1,001,000, Annual capital growth 5.25%, Number of sales 44, Weekly median advertised rent $450

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

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Property value increases in Canterbury have tracked just lower than the VIC average of 8.12% over the last 12 months.

Over the longer term, Canterbury has seen property prices show investors a 36.75% return over the last 3 years. This is worse than over the last 12 months

LACK OF BUYER INTEREST may well be the reason that Canterbury is offering property investors an average of -6.00. This rate of discount on properties puts Suburb at number 54th in terms of most discounted suburbs in VIC

Renters in Suburb are facing rents around $11580 per annum or $965 every week.

Giving property investors a a poor capital gain of -9.00% for the last year, Canterbury, 3126 is the 1543th highest performer in Australia in this respect.

Across a shorter period, Canterbury, 3126 has seen a median price increase of 2.09% over the last quarter.

Property buyers and investors in Canterbury 3126 should be seeing an average reduction in asking price of around -2.05% . This means that Canterbury is holding prices well when compared to other suburbs in VIC.

Residents and property investors in Canterbury have been waiting around 53.09 days to sell a property.

Gail Logan Information supplied by:

Gail Logan

O 0411 287 831

Canterbury is one of Melbourne's most affluent and exclusive suburbs, known for its charm and character. The suburb is characterised by large period homes on substantial plots and quality amenities.Full summary

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.

$2,605,000 $1,001,000
0.10% 2.09%
2.64% -9.00%
8.77% 5.25%
$965 $450
103 44
1.93% 2.34%
56.23 53.09

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
Find a mortgage broker in Canterbury VIC
Total population 7857
Median household income ($/weekly) 2350
Median age of persons 44
Median housing loan repayment ($/monthly) 2984
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 1043 13.3
    15-19 years 652 8.3
    35-44 years 829 10.6
    45-54 years 1299 16.5
    55-64 years 1130 14.4
    Others 2904 37.0
    Age Group
    Census Count Percent(%)
    Registered Married 3304 56.9
    Not Married 2234 38.5
    Defacto Relationship 266 4.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 5628 73.8
    Croatia 295 3.9
    Papua New Guinea 142 1.9
    United Kingdom 437 5.7
    Other 291 3.8
    Others 837 11.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 191 2.6
    Christianity 4582 63.0
    Hinduism 110 1.5
    Judaism 66 0.9
    No Religion 2269 31.2
    Others 58 0.8
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 229 9.7
    $2,000-$2,499 171 7.2
    $2,500-$2,999 357 15.1
    $3,000-$3,499 260 11.0
    $4,000 or more 374 15.8
    Others 973 41.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2361 37.5
    Employed, worked full-time 2212 35.1
    Employed, worked part-time 1409 22.4
    Employed, away from work 192 3.0
    Unemployed, looking for work 130 2.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 787 20.6
    Professionals 1511 39.6
    Community & personal service workers 260 6.8
    Clerical & administrative workers 519 13.6
    Sales 339 8.9
    Others 399 10.5
    Census Count Percent(%)
    Pre-school 129 5.6
    Infants/Primary 659 28.6
    Secondary 745 32.3
    Technical or Further Educational Institution 101 4.4
    University or other Tertiary Institutions 627 27.2
    Others 44 1.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5641 78.2
    Semi-detached, row or terrace house, townhouse 913 12.7
    Flat, unit or apartment 641 8.9
    House or flat attached to a shop, office 19 0.3
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1227 46.9
    Being purchased 819 31.3
    Rented 542 20.7
    Other tenure type 28 1.1
    Tenure Type
Census 2011, ABS
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