Giving property investors a a poor capital gain of -12.23% for the last year, Canterbury, 2193 is the 4062th highest performer in Australia in this respect.
The five-year average increase in median property values for Canterbury,2193 has given property investors a potential capital gain of 56.58% across each of those five years.
Using the current median advertised rental of $617.5 and the average annual increase in value of a median property of 8.82%, investors should hope to achieve an overall return of 2.67%
With a capital gain of 1.14% for the last 12 months, Canterbury, 2193 has performed for property investments than its average annual 8.43% property growth over the last 5 years.
If we look at median property appreciation over just the last three months, Canterbury has given property investors a paper return of 1.43%. This puts Suburb as 143 on a list of fastest fasting appreciating suburbs in NSW
At number 108th of NSW’s most discounted properties, Canterbury is in the bottom 30% of the state/territory when listing in order of most discounted to least.
In the last year 137 properties changed hands in Canterbury, which puts it as the 90th most active market in NSW when comparing the number of sales per suburb.
Canterbury is 353th on a list of best yielding suburbs for rents in NSW with a 3.79% return
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July 2018
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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
Rental demand falls
Postcode: 2193
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.
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