Giving property investors a a solid capital gain of 6.78% for the last year, Canterbury, 2193 is the 752th highest performer in Australia in this respect.
Canterbury,2193 has offered an average of 6.78% return per annum in house price rises to property investors over the last three years.
The NSW suburb of Canterbury, 2193 is in the Canterbury-Bankstown (A) local government area.
Canterbury has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of -7.91% to date .
Comparing Canterbury,2193 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
Property buyers and investors in Canterbury 2193 should be seeing an average reduction in asking price of around -7.34% . This means that Canterbury is holding prices well when compared to other suburbs in NSW.
With the median price for a house in Canterbury being $640000 and the advertised rent reaching $500 the gross rental yield for property investors calculates out to be 4.06%
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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.