NSW has seen average median house prices change by 4.27% which means that Canterbury, 2193 has done well for property investors by showing a capital gain of 7.73% over the last year
Over the longer term, Canterbury has seen property prices show investors a -5.67% return over the last 3 years. This is an improvement over the last 12 months
At number 1486 in a list of fastest selling suburbs, Canterbury is just in the top half of suburbs in Australia with an average of days on market 67.3333 for properties listed there.
NSW has seen average median house prices change by 2.36% which means that Canterbury, 2193 has done well for property investors by showing a capital gain of 0.16% over the last year
Across a shorter period, Canterbury, 2193 has seen a median price increase of 1.25% over the last quarter.
Canterbury2193 is located in NSW which offers an average discount of -3.89% to property investors. Canterbury itself is showing figures that indicate -4.88% is the average achievable by property buyers investing in the suburb.
Residents and property investors in Canterbury have been waiting around 86.7368 days to sell a property.
The NSW suburb of Canterbury, 2193 is in the Canterbury-Bankstown (A) local government area.
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Rental demand falls
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.