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%.