Investment property in Canadian has done not badly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 4.48%
Across a shorter period, Canadian, 3350 has seen a median price increase of 0.14% over the last quarter.
At number 455th of VIC’s most discounted properties, Canadian is in the TOP 30% of the state/territory when listing in order of most discounted to least.
On average over the past year, suburb has had 8.17 sales per month, which equates to 98 per year.
Advertised rents are around the $320 mark per week – giving a return of 4.75% based on the median price in Suburb
Giving property investors a a stable capital gain of 4.00% for the last year, Canadian, 3350 is the 520th highest performer in Australia in this respect.
Comparing Canadian,3350 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
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 Canadian, 3350. Typically our figures indicate that -3.27% is being offered, which puts this VIC suburb at 951th most discounted overall in Australia.
Residents and property investors in Canadian have been waiting around 102.66 days to sell a property.
Canadian, 3350’s gross rental yield is 5.85%
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