Suburb Profile Report for Canadian VIC (3350)

Canadian House: Median price $342,500, Annual capital growth 5.16%, Number of sales 69, Weekly median advertised rent $295

Canadian Unit: Median price $234,975, Annual capital growth 1.24%, Number of sales 27, Weekly median advertised rent $260

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

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Canadian, 3350 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this VIC suburb was 3.79%.

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.

At number 338th of VIC’s most discounted properties, Canadian is in the middle of the state/territory when listing in order of most discounted to least.

Renters in Suburb are facing rents around $3540 per annum or $295 every week.

Over the last year, property investments in Canadian, 3350 have given investors a capital gain of -11.33%. This compares very badly with the 4.26% for VIC as a whole.

Canadian,3350 was ranked 1562 in Australia by increase in median property value over the quarter.

Property buyers and investors in Canadian 3350 should be seeing an average reduction in asking price of around -5.90% . This means that Canadian is holding prices well when compared to other suburbs in VIC.

Residents and property investors in Canadian have been waiting around 154.84 days to sell a property.

A $260 per week rent on the median house gives suburb investors a gross yield of circa 5.75%, without taking into account capital value appreciation, which has been averaging out at 1.24%.

Metrics i HOUSE UNIT
$342,500 $234,975
-0.72% -5.99%
3.79% -11.33%
5.16% 1.24%
$295 $260
69 27
4.48% 5.75%
104.87 154.84

Source: CoreLogic

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