Giving property investors a a poor capital gain of -12.23% for the last year, Canterbury, 2193 is the 3959th highest performer in Australia in this respect.
Canterbury,2193 has offered an average of -12.23% return per annum in house price rises to property investors over the last three years.
Often selling an investment property can take time, and in Canterbury the average time real estate has been on the market is 88.81 days.
Property investors should expect to get $600 weekly from the median priced house in this suburb.
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 0.72%.
Across a shorter period, Canterbury, 2193 has seen a median price increase of 0.00% over the last quarter.
The most recent median price for Canterbury is $695000, with sellers offering an average of -6.84% off the asking price.
The NSW suburb of Canterbury, 2193 is in the Canterbury-Bankstown (A) local government area.
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