Giving property investors a an unimpressive capital gain of 1.10% for the last year, Canterbury, 2193 is the 2819th highest performer in Australia in this respect.
A 92.98% growth in median value for property investors in Canterbury,2193 puts this suburb at number 1004th in terms of best performing suburbs in NSW
Canterbury is 1071th on a list of best yielding suburbs for rents in NSW with a 2.37% return
If you compare the increase in value of investment property in Canterbury, 2193 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this NSW suburb was 1.68%.
Canterbury,2193 was ranked 1038 in Australia by increase in median property value over the quarter.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Canterbury, 2193. Typically our figures indicate that -4.58% is being offered, which puts this NSW suburb at 917th most discounted overall in Australia.
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