Canadian is in the bottom 30% in VIC when comparing median price capital growth over the last year. Canadian gave property investors a disappointing capital gain figure when compared to the rest of the state, with 1.10%.
A 7.93% growth in median value for property investors in Canadian,3350 puts this suburb at number 115th in terms of best performing suburbs in VIC
Canadian, 3350 is offering VIC ‘s 473th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 30% of discounts offered by this VIC.
A $270 per week rent on the median house gives suburb investors a gross yield of circa 4.08%, without taking into account capital value appreciation, which has been averaging out at 4.17%.
At number 1234th in the list of Australian suburbs ordered by increase in median house value over the last year, Canadian, 3350 is in the BOTTOM 30% with a property value increase of -1.30% recorded in median house prices.
While Canadian,3350 ranked number 85th in VIC for increase in median house value (annualised) increase, it is ranked 220th over the last 5 years.
Sellers are offering property buyers an average discount of -4.84% to buyers in Canadian at the moment, which is less than average for the rest of VIC.
Using the current median advertised rental of $260 and the average annual increase in value of a median property of 6.83%, investors should hope to achieve an overall return of 5.10%