Property value increases in Canterbury have tracked lower than the NSW average of 3.09% over the last 12 months.
Taking the average capital gain, or increase in median house value, Canterbury,2193 has racked up an average of -6.99% over the period. This ranks it number 3141th in the whole country for real estate investors looking at median house price increases.
Sellers are offering property buyers an average discount of -11.69% to buyers in Canterbury at the moment, which is less than average for the rest of NSW.
Property investors who have had real estate in Canterbury, 2193 should be relatively unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -1.36%
When looking at the potential capital gains offered to property investors over the last 3 years, Canterbury comes in at number 457th in NSW.
Canterbury2193 is located in NSW which offers an average discount of -5.33% to property investors. Canterbury itself is showing figures that indicate -5.38% is the average achievable by property buyers investing in the suburb.
Using the current median advertised rental of $520 and the average annual increase in value of a median property of 7.93%, investors should hope to achieve an overall return of 3.95%
The period of April 2017-2018 saw plenty of tenants exit the rental market in the suburb of Canterbury, as the average vacancy rate more than doubled, from 1.9% to 4.1%Full summary
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Rental demand falls
Median house price: $1,397,500
Vacancy rate: 4.1%
Three-year growth: 56.2%
The period of April 2017-2018 saw plenty of tenants exit the rental market in the suburb of Canterbury, as the average vacancy rate more than doubled, from 1.9% to 4.1%.
Located about 10km southwest of the Sydney CBD, Canterbury is a premium suburb whose median price is well above the $1m mark. With the average weekly rent rate coming in at just $638, this could be a deterrent for investors. That said, the buyer market seems to be going strong, as house values increased by 10% in the same period, perhaps riding the last of Sydney’s booming market conditions.
Canterbury is a transport hub, with Canterbury Road being an arterial route that links the suburb to the inner city. Trains on the Bankstown line stop at the Canterbury railway station, giving local residents an easy commute to the city.Close