Suburb Profile Report for Canadian VIC (3350)

Canadian House: Median price $343,750, Annual capital growth 5.52%, Number of sales 60, Weekly median advertised rent $280

Canadian Unit: Median price $234,975, Annual capital growth 2.38%, Number of sales 22, Weekly median advertised rent $260

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 0.22% for the last 12 months, Canadian, 3350 has performed for property investments than its average annual 5.52% property growth over the last 5 years.

The five-year average increase in median property values for Canadian,3350 has given property investors a potential capital gain of 14.77% across each of those five years.

Vendor discounting in Canadian is giving property investors an average Vendor Discount of around -5.34%. This puts suburb at number 341th in VIC when ranking the most discounted suburbs.

Residents and property investors in Canadian have been waiting around 109.01 days to sell a property.

With the median price for a house in Canadian being $343750 and the advertised rent reaching $280 the gross rental yield for property investors calculates out to be 4.24%

Giving property investors a a poor capital gain of -12.96% for the last year, Canadian, 3350 is the 1614th highest performer in Australia in this respect.

While Canadian,3350 ranked number 196th in VIC for increase in median house value (annualised) increase, it is ranked 301th over the last 5 years.

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 -7.38% is being offered, which puts this VIC suburb at 217th most discounted overall in Australia.

On average over the past year, suburb has had 1.83 sales per month, which equates to 22 per year.

HOUSE UNIT
$343,750 $234,975
-2.95% 0.01%
0.22% -12.96%
5.52% 2.38%
$280 $260
60 22
4.24% 5.75%
109.01 146.14

Source: CoreLogic

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