Giving property investors a an average capital gain of 2.84% for the last year, Canadian, 3350 is the 2121th highest performer in Australia in this respect.
Taking the average capital gain, or increase in median house value, Canadian,3350 has racked up an average of 2.84% over the period. This ranks it number 2817th in the whole country for real estate investors looking at median house price increases.
Property buyers and investors in Canadian 3350 should be seeing an average reduction in asking price of around -2.62% . This means that Canadian is holding prices well when compared to other suburbs in VIC.
Canadian has had a quite poor year for property investment returns compared to the rest of VIC, giving investors a capital gain of -4.08% to date .
The five-year average increase in median property values for Canadian,3350 has given property investors a potential capital gain of 20.69% across each of those five years.
Canadian, 3350 is offering VIC ‘s 307th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 10% of discounts offered by this VIC.
In the last year 30 properties changed hands in Canadian, which puts it as the 221th most active market in VIC when comparing the number of sales per suburb.
Using the current median advertised rental of $292.5 and the average annual increase in value of a median property of 3.98%, investors should hope to achieve an overall return of 5.86%
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 BallaratFull summary
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Affordability with growth potential
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.Close