Property value increases in Canadian have tracked just lower than the VIC average of 8.12% over the last 12 months.
The five-year average increase in median property values for Canadian,3350 has given property investors a potential capital gain of 15.00% across each of those five years.
LACK OF BUYER INTEREST may well be the reason that Canadian is offering property investors an average of -6.00. This rate of discount on properties puts Suburb at number 347th in terms of most discounted suburbs in VIC
In the last year 64 properties changed hands in Canadian, which puts it as the 369th most active market in VIC when comparing the number of sales per suburb.
A $295 per week rent on the median house gives suburb investors a gross yield of circa 4.45%, without taking into account capital value appreciation, which has been averaging out at 5.68%.
Over the last year, property investments in Canadian, 3350 have given investors a capital gain of -16.65%. This compares very badly with the 2.98% for VIC as a whole.
Comparing Canadian,3350 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.08% offered to property buyers. Sellers in Canadian itself are offering an average vendor discount of -7.36% to real estate investors.
With the median price for a house in Canadian being $225000 and the advertised rent reaching $260 the gross rental yield for property investors calculates out to be 6.01%