Property investors who have had real estate in Canadian, 3350 should be unhappy with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -3.59%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Canadian has increased when compared to the 5 year average annual rate.
Property investors looking for a bargain in Canadian should be aiming for at least -4.83% off the asking price, which is the average vendor discount being achieved at the moment.
Canadian, 3350’s gross rental yield is 4.76%
Giving property investors a a poor capital gain of -7.79% for the last year, Canadian, 3350 is the 1491th highest performer in Australia in this respect.
Vendor discounting in Canadian is giving property investors an average Vendor Discount of around -6.17%. This puts suburb at number 71th in VIC when ranking the most discounted suburbs.
On average over the past year, suburb has had 2.08 sales per month, which equates to 25 per year.
Property investors should expect to get $260 weekly from the median priced house in this suburb.