Suburb Profile Report for Canterbury VIC (3126)

Canterbury House: Median price $2,445,000, Annual capital growth 6.31%, Number of sales 76, Weekly median advertised rent $960

Canterbury Unit: Median price $1,294,000, Annual capital growth N/A, Number of sales 35, Weekly median advertised rent $550

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • Expert Report
  • House Report
  • Unit Report

Investment property in Canterbury has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -11.73%

Canterbury,3126 has offered an average of -11.73% return per annum in house price rises to property investors over the last three years.

At number 1313 in a list of fastest selling suburbs, Canterbury is in the TOP 40% of suburbs in Australia with an average of days on market 69.0909 for properties listed there.

Canterbury is 613th on a list of best yielding suburbs for rents in VIC with a 2.04% return

With the median price for a house in Canterbury being $1294000 and the advertised rent reaching $550 the gross rental yield for property investors calculates out to be 2.21%

Gail Logan Information supplied by:

Gail Logan

O 0411 287 831


Selling points: The leafy suburb of Canterbury has a population of around 7,857 and is situated approximately 10km east of Melbourne’s CBD.  It is affluent, has a lot of charm and character and is one of Melbourne’s most expensive and exclusive areas.

Most sought after properties: Currently there is very good demand for two-bedroom units, which are an entry point for some first home buyers. Most two-bedroom villa units are selling for in excess of $500,000 at the moment. There are also a number of people downsizing from their large family homes into three-bedroom, two-bathroom units, which are always highly sought after.

A lot of the larger family homes are commanding prices in excess of $1.5m but there is usually good demand for good homes in the area.

Most common properties: Canterbury is characterised by substantial period homes on good parcels of land and a lot of the area has a heritage overlay.

Top amenities: The suburb has a number of the most prestigious private schools in Melbourne and also an excellent primary school, high school and girl’s secondary college. Canterbury is also known for its lovely parks and gardens, Canterbury Sports Ground and is home to the Camberwell Hockey Club.

Maling Road, the main shopping strip, has many quaint and interesting shops, cafes and restaurants, including some quality produce shops. An abundance of excellent health services also exist in the area.

Local industry and business: Many of the residents commute into the city to work, while a number of locals work within businesses in the area.

Recent changes: The local council is very keen to maintain the period charm of the area and have the support of many of the local residents. There have been a couple of low level developments in the area in the past 10 years but no high rise developments.

Best streets: Streets close to the Maling Road precinct are in high demand, being close to shops, transport and schools.  They are more affordable than some of the more exclusive streets such as Monomeath Avenue, Victoria Avenue, Hopetoun Avenue, Alexandra Avenue, The Ridge, and Mont Albert Road (‘The Golden Mile’).

Public transport: The area has good access to trains, trams and buses.

Main arteries: The Eastern and also Monash Freeways are a few minutes’ drive and provide quick access to the city, outer suburbs and rural areas.

Metrics i HOUSE UNIT
$2,445,000 $1,294,000
1.60% N/A
-11.73% N/A
6.31% N/A
$960 $550
76 35
2.04% 2.21%
69.0909090909091 51.2

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Balanced (H), Above average (U)
Find a mortgage broker in Canterbury VIC
Total population 7857
Median household income ($/weekly) 2350
Median age of persons 44
Median housing loan repayment ($/monthly) 2984
Average household size 2.8
  • Census Count Percent(%)
    5-14 years 1043 13.3
    15-19 years 652 8.3
    35-44 years 829 10.6
    45-54 years 1299 16.5
    55-64 years 1130 14.4
    Others 2904 37.0
    Age Group
    Census Count Percent(%)
    Registered Married 3304 56.9
    Not Married 2234 38.5
    Defacto Relationship 266 4.6
    Social Marital Status
  • Census Count Percent(%)
    Australia 5628 73.8
    Croatia 295 3.9
    Papua New Guinea 142 1.9
    United Kingdom 437 5.7
    Other 291 3.8
    Others 837 11.0
    Country of Birth
    Census Count Percent(%)
    Buddhism 191 2.6
    Christianity 4582 63.0
    Hinduism 110 1.5
    Judaism 66 0.9
    No Religion 2269 31.2
    Others 58 0.8
    Religious Affiliation
  • Census Count Percent(%)
    $1,500-$1,999 229 9.7
    $2,000-$2,499 171 7.2
    $2,500-$2,999 357 15.1
    $3,000-$3,499 260 11.0
    $4,000 or more 374 15.8
    Others 973 41.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Not in the labour force 2361 37.5
    Employed, worked full-time 2212 35.1
    Employed, worked part-time 1409 22.4
    Employed, away from work 192 3.0
    Unemployed, looking for work 130 2.1
    Person Characteristics
  • Census Count Percent(%)
    Managers 787 20.6
    Professionals 1511 39.6
    Community & personal service workers 260 6.8
    Clerical & administrative workers 519 13.6
    Sales 339 8.9
    Others 399 10.5
    Census Count Percent(%)
    Pre-school 129 5.6
    Infants/Primary 659 28.6
    Secondary 745 32.3
    Technical or Further Educational Institution 101 4.4
    University or other Tertiary Institutions 627 27.2
    Others 44 1.9
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 5641 78.2
    Semi-detached, row or terrace house, townhouse 913 12.7
    Flat, unit or apartment 641 8.9
    House or flat attached to a shop, office 19 0.3
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 1227 46.9
    Being purchased 819 31.3
    Rented 542 20.7
    Other tenure type 28 1.1
    Tenure Type
Census 2011, ABS
Chart Table