Suburb Profile Report for Canadian VIC (3350)

Canadian House: Median price $354,900, Annual capital growth 5.67%, Number of sales 53, Weekly median advertised rent $275

Canadian Unit: Median price $249,950, Annual capital growth 2.71%, Number of sales 25, Weekly median advertised rent $260

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

Source: CoreLogic

  • House Report
  • Unit Report

VIC has seen average median house prices change by 7.68% which means that Canadian, 3350 has done well for property investors by showing a capital gain of 6.58% over the last year

When looking at the potential capital gains offered to property investors over the last 3 years, Canadian comes in at number 508th in VIC.

Canadian, 3350 is offering VIC ‘s 362th most discounted properties when looking at the average discount being offered by vendors. This puts it in the middle of discounts offered by this VIC.

Often selling an investment property can take time, and in Canadian the average time real estate has been on the market is 105.15 days.

Renters in Suburb are facing rents around $3300 per annum or $275 every week.

Giving property investors a a poor capital gain of -5.14% for the last year, Canadian, 3350 is the 1428th highest performer in Australia in this respect.

Taking the average capital gain, or increase in median house value, Canadian,3350 has racked up an average of -5.14% over the period. This ranks it number 1363th in the whole country for real estate investors looking at median house price increases.

Property investors looking for a bargain in Canadian should be aiming for at least -6.13% off the asking price, which is the average vendor discount being achieved at the moment.

Advertised rents are around the $260 mark per week – giving a return of 5.41% based on the median price in Suburb

HOUSE UNIT
$354,900 $249,950
0.00% -1.00%
6.58% -5.14%
5.67% 2.71%
$275 $260
53 25
4.03% 5.41%
105.15 162.11

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (H)
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Demographics
Total population 3202
Median household income ($/weekly) 1119
Median age of persons 31
Median housing loan repayment ($/monthly) 1500
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 396 12.4
    20-24 years 327 10.2
    25-34 years 574 17.9
    35-44 years 448 14.0
    45-54 years 332 10.4
    Others 1125 35.1
    Age Group
    Census Count Percent(%)
    Registered Married 1074 46.1
    Not Married 971 41.7
    Defacto Relationship 286 12.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 2769 89.1
    Croatia 38 1.2
    Papua New Guinea 32 1.0
    United Kingdom 71 2.3
    Other 66 2.1
    Others 131 4.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 31 1.1
    Christianity 1919 65.5
    Hinduism 33 1.1
    Islam 15 0.5
    No Religion 916 31.3
    Others 15 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 122 11.2
    $600-$799 108 9.9
    $800-$999 114 10.5
    $1,000-$1,249 136 12.5
    $1,500-$1,999 160 14.7
    Others 446 41.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 967 39.0
    Not in the labour force 781 31.5
    Employed, worked part-time 514 20.7
    Unemployed, looking for work 117 4.7
    Employed, away from work 103 4.1
    Person Characteristics
  • Census Count Percent(%)
    Professionals 373 23.5
    Technicians & trades workers 264 16.6
    Community & personal service workers 184 11.6
    Clerical & administrative workers 215 13.6
    Sales 155 9.8
    Others 395 24.9
    Occupation
    Census Count Percent(%)
    Pre-school 68 8.1
    Infants/Primary 255 30.5
    Secondary 199 23.8
    Technical or Further Educational Institution 55 6.6
    University or other Tertiary Institutions 243 29.0
    Others 17 2.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2661 87.9
    Flat, unit or apartment 206 6.8
    Semi-detached, row or terrace house, townhouse 158 5.2
    House or flat attached to a shop, office 3 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 505 43.2
    Rented 373 31.9
    Fully owned 288 24.6
    Other tenure type 4 0.3
    Tenure Type
Census 2011, ABS
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