Suburb Profile Report for Canterbury NSW (2193)

Canterbury House: Median price $1,283,000, Annual capital growth 8.73%, Number of sales 35, Weekly median advertised rent $600

Canterbury Unit: Median price $641,000, Annual capital growth 4.78%, Number of sales 110, Weekly median advertised rent $495

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales
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Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

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Canterbury has had a A very good year for property investment returns compared to the rest of NSW, giving investors a capital gain of 11.57% to date .

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Canterbury has increased when compared to the 5 year average annual rate.

Often selling an investment property can take time, and in Canterbury the average time real estate has been on the market is 67.6154 days.

Advertised rents are around the $600 mark per week – giving a return of 2.43% based on the median price in Suburb

Canterbury is in the bottom 30% in NSW when comparing median price capital growth over the last year. Canterbury gave property investors a disappointing capital gain figure when compared to the rest of the state, with -5.87%.

Canterbury,2193 has offered an average of -5.87% return per annum in house price rises to property investors over the last three years.

Canterbury2193 is located in NSW which offers an average discount of -5.74% to property investors. Canterbury itself is showing figures that indicate -6.65% is the average achievable by property buyers investing in the suburb.

Renters in Suburb are facing rents around $25740 per annum or $495 every week.

Information supplied by:


July 2018

M
O

W
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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.

Metrics i HOUSE UNIT
$1,283,000 $641,000
1.83% 0.16%
11.57% -5.87%
8.73% 4.78%
$600 $495
35 110
2.43% 4.02%
67.6153846153846 77.7173913043478

Source: Monthly data update for Jun 2020 as supplied by CoreLogic. Data is reported to the period ending Mar 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Good (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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