With a capital gain of 5.22% for the last 12 months, Canterbury, 2193 has performed for property investments than its average annual 7.70% property growth over the last 5 years.
Over the longer term, Canterbury has seen property prices show investors a 0.00% return over the last 3 years. This is an improvement over the last 12 months
Residents and property investors in Canterbury have been waiting around 84.4 days to sell a property.
Property investors should expect to get $590 weekly from the median priced house in this suburb.
With a capital gain of 5.43% for the last 12 months, Canterbury, 2193 has performed for property investments than its average annual 5.50% property growth over the last 5 years.
While Canterbury,2193 ranked number 190th in NSW for increase in median house value (annualised) increase, it is ranked 426th over the last 5 years.
At number 213th of NSW’s most discounted properties, Canterbury is in the TOP 40% of the state/territory when listing in order of most discounted to least.
In the last year 100 properties changed hands in Canterbury, which puts it as the 148th most active market in NSW when comparing the number of sales per suburb.
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Information supplied by:
July 2018
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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.