Suburb Profile Report for Canadian VIC (3350)

Canadian House: Median price $328,000, Annual capital growth 4.71%, Number of sales 85, Weekly median advertised rent $298

Canadian Unit: Median price $250,000, Annual capital growth 4.03%, Number of sales 34, Weekly median advertised rent $260

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

Source: CoreLogic

  • House Report
  • Unit Report

Canadian, 3350 ranked 658th in VIC when comparing growth in median property values or capital gain over the last 12 months. Canadian is one of 2098 in our list for VIC

When looking at the potential capital gains offered to property investors over the last 3 years, Canadian comes in at number 572th in VIC.

Property investors looking for a bargain in Canadian should be aiming for at least -5.03% off the asking price, which is the average vendor discount being achieved at the moment.

Situated 99.15km from the CBD, Canadian is one of Ballarat localities in the postcode 3350.

Canadian has had a very poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of -5.66% to date .

Over the longer term, Canadian has seen property prices show investors a -5.66% return over the last 3 years. This is the same as over the last 12 months

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Canadian, 3350. Typically our figures indicate that -6.55% is being offered, which puts this VIC suburb at 343th most discounted overall in Australia.

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

Metrics i HOUSE UNIT
$328,000 $250,000
-0.61% 2.25%
-5.27% -5.66%
4.71% 4.03%
$298 $260
85 34
4.72% 5.41%
99.87 149.7

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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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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