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.
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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.