If you compare the increase in value of investment property in Canterbury, 2193 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this NSW suburb was 0.36%.
A 87.07% growth in median value for property investors in Canterbury,2193 puts this suburb at number 1103th in terms of best performing suburbs in NSW
With the median price for a house in Canterbury being $1375000 and the advertised rent reaching $630 the gross rental yield for property investors calculates out to be 2.38%
At number 1008th in the list of Australian suburbs ordered by increase in median house value over the last year, Canterbury, 2193 is in the BOTTOM 50% with a property value increase of 0.18% recorded in median house prices.
If we look at median property appreciation over just the last three months, Canterbury has given property investors a paper return of 0.74%. This puts Suburb as 170 on a list of fastest fasting appreciating suburbs in NSW
Canterbury2193 is located in NSW which offers an average discount of -4.86% to property investors. Canterbury itself is showing figures that indicate -4.62% is the average achievable by property buyers investing in the suburb.
Often selling an investment property can take time, and in Canterbury the average time real estate has been on the market is 86.91 days.
Renters in Suburb are facing rents around $27040 per annum or $520 every week.
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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.
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