Over the last year, property investments in Canterbury, 2193 have given investors a capital gain of 0.82%. This compares favourably with the -3.87% for NSW as a whole.
Over the longer term, Canterbury has seen property prices show investors a -5.00% 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 79.9 days to sell a property.
Advertised rents are around the $620 mark per week – giving a return of 2.61% based on the median price in Suburb
Property value increases in Canterbury have tracked just lower than the NSW average of -3.67% over the last 12 months.
Taking the average capital gain, or increase in median house value, Canterbury,2193 has racked up an average of -9.14% over the period. This ranks it number 1059th in the whole country for real estate investors looking at median house price increases.
Canterbury, 2193 is offering NSW ‘s 94th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this NSW.
At number 857 in a list of fastest selling suburbs, Canterbury is in the bottom 40% of suburbs in Australia with an average of days on market 90.7209 for properties listed there.
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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.