Suburb Profile Report for Canadian VIC (3350)

Canadian House: Median price $365,000, Annual capital growth 4.03%, Number of sales 95, Weekly median advertised rent $330

Canadian Unit: Median price $301,500, Annual capital growth 5.41%, Number of sales 16, Weekly median advertised rent $290

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

Source: Monthly data update for Aug 2019 as supplied by CoreLogic. Data is reported to the period ending May 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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Canadian, 3350 ranked 164th in VIC when comparing growth in median property values or capital gain over the last 12 months. Canadian is one of 2099 in our list for VIC

Taking the average capital gain, or increase in median house value, Canadian,3350 has racked up an average of 7.67% over the period. This ranks it number 2342th in the whole country for real estate investors looking at median house price increases.

At number 570th of VIC’s most discounted properties, Canadian is in the TOP 10% of the state/territory when listing in order of most discounted to least.

Often selling an investment property can take time, and in Canadian the average time real estate has been on the market is 39.375 days.

Situated 99.04km from the CBD, Canadian is one of Ballarat (C) localities in the postcode 3350.

Property value increases in Canadian have tracked higher than the VIC average of 0.74% over the last 12 months.

A 15.96% growth in median value for property investors in Canadian,3350 puts this suburb at number 28th in terms of best performing suburbs in VIC

The most recent median price for Canadian is $301500, with sellers offering an average of -2.15% off the asking price.

In the last year 16 properties changed hands in Canadian, which puts it as the 277th most active market in VIC when comparing the number of sales per suburb.

Situated 99.35km from the CBD, Canadian is one of Ballarat (C) localities in the postcode 3350.

Information supplied by:


November 2018

M
O

W
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Affordability with growth potential

Postcode: 3350

Median house price: $346,500

Three-year growth: 6.6%

Rental yield: 4.5%

A hop and a skip from the Ballarat CBD, the suburb of Canadian is right on the rural-urban fringe. It was named for Canadian gold digger Henry Ross, who was a prominent figure in 1854’s Eureka Rebellion in Ballarat.

Canadian is home to parks and reserves like Sparrow Ground. It houses Lake Esmond, which was converted from a quarry and now serves as a recreational spot for rotary clubs and residents alike.

The suburb is very affordable, with houses selling at a median value of under $350,000. Price growth has been steady for five years – most recently, Canadian reported an increase of 5.5% in the year to August 2018. Rentals have gone very well as well in this period – rental vacancy rates fell from an average of 6.4% to just 5% on a weekly average rent rate of $300.

Metrics i HOUSE UNIT
$365,000 $301,500
3.55% 8.84%
7.67% 15.96%
4.03% 5.41%
$330 $290
95 16
4.70% 5.00%
39.375 62.1538461538462

Source: Monthly data update for Aug 2019 as supplied by CoreLogic. Data is reported to the period ending May 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (H), Very 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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