Suburb Profile Report for Canterbury NSW (2193)

Canterbury House: Median price $1,310,000, Annual capital growth 9.25%, Number of sales 34, Weekly median advertised rent $618

Canterbury Unit: Median price $681,000, Annual capital growth 7.46%, Number of sales 167, Weekly median advertised rent $520

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
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Canterbury is in the bottom 20% in NSW when comparing median price capital growth over the last year. Canterbury gave property investors a dismal capital gain figure when compared to the rest of the state, with -4.73%.

Over the longer term, Canterbury has seen property prices show investors a 17.96% return over the last 3 years. This is worse than over the last 12 months

Property investors looking for a bargain in Canterbury should be aiming for at least -15.38% off the asking price, which is the average vendor discount being achieved at the moment.

A $617.5 per week rent on the median house gives suburb investors a gross yield of circa 2.45%, without taking into account capital value appreciation, which has been averaging out at 9.25%.

Property investors who have had real estate in Canterbury, 2193 should be relatively unhappy with this NSW suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -2.01%

Canterbury,2193 has offered an average of -2.01% return per annum in house price rises to property investors over the last three years.

Property investors looking for a bargain in Canterbury should be aiming for at least -5.51% off the asking price, which is the average vendor discount being achieved at the moment.

Using the current median advertised rental of $520 and the average annual increase in value of a median property of 7.46%, investors should hope to achieve an overall return of 3.97%

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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.

Close
Metrics i HOUSE UNIT
$1,310,000 $681,000
-4.73% -0.04%
-4.73% -2.01%
9.25% 7.46%
$618 $520
34 167
2.45% 3.97%
71.45 100.31

Source: CoreLogic

DSR Score for property investment : Above average (H), Balanced (U)
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Demographics
Total population 6160
Median household income ($/weekly) 1229
Median age of persons 37
Median housing loan repayment ($/monthly) 2150
Average household size 2.7
  • Census Count Percent(%)
    5-14 years 647 10.5
    25-34 years 1047 17.0
    35-44 years 992 16.1
    45-54 years 880 14.3
    55-64 years 638 10.4
    Others 1957 31.8
    Age Group
    Census Count Percent(%)
    Registered Married 2316 48.4
    Not Married 2150 44.9
    Defacto Relationship 319 6.7
    Social Marital Status
  • Census Count Percent(%)
    Australia 2813 48.7
    Croatia 437 7.6
    Hong Kong 273 4.7
    Viet Nam 200 3.5
    Other 784 13.6
    Others 1275 22.1
    Country of Birth
    Census Count Percent(%)
    Buddhism 437 7.7
    Christianity 3616 63.8
    Hinduism 205 3.6
    Islam 351 6.2
    No Religion 996 17.6
    Others 66 1.2
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 203 10.4
    $800-$999 178 9.1
    $1,000-$1,249 217 11.1
    $1,500-$1,999 301 15.4
    $2,000-$2,499 177 9.1
    Others 879 45.0
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1861 38.7
    Not in the labour force 1694 35.3
    Employed, worked part-time 853 17.8
    Unemployed, looking for work 211 4.4
    Employed, away from work 184 3.8
    Person Characteristics
  • Census Count Percent(%)
    Managers 325 11.2
    Professionals 607 21.0
    Technicians & trades workers 394 13.6
    Clerical & administrative workers 424 14.6
    Labourers 321 11.1
    Others 825 28.5
    Occupation
    Census Count Percent(%)
    Infants/Primary 397 28.2
    Secondary 327 23.3
    Technical or Further Educational Institution 179 12.7
    University or other Tertiary Institutions 371 26.4
    Other type of educational institution 70 5.0
    Others 62 4.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 3328 57.1
    Flat, unit or apartment 1966 33.7
    Semi-detached, row or terrace house, townhouse 438 7.5
    House or flat attached to a shop, office 98 1.7
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 747 35.3
    Being purchased 689 32.6
    Fully owned 673 31.8
    Other tenure type 6 0.3
    Tenure Type
Census 2011, ABS
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