Investment property in Canadian has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 7.14%
The five-year average increase in median property values for Canadian,3350 has given property investors a potential capital gain of 20.19% across each of those five years.
Canadian3350 is located in VIC which offers an average discount of -6.94% to property investors. Canadian itself is showing figures that indicate -4.89% is the average achievable by property buyers investing in the suburb.
Canadian is 125th on a list of best yielding suburbs for rents in VIC with a 4.58% return
VIC has seen average median house prices change by 2.76% which means that Canadian, 3350 has done well for property investors by showing a capital gain of 15.38% over the last year
Canadian,3350 was ranked 621 in Australia by increase in median property value over the quarter.
Canadian3350 is located in VIC which offers an average discount of -6.33% to property investors. Canadian itself is showing figures that indicate -2.63% is the average achievable by property buyers investing in the suburb.
With the median price for a house in Canadian being $300000 and the advertised rent reaching $290 the gross rental yield for property investors calculates out to be 5.03%
Information supplied by:
Affordability with growth potential
Median house price: $346,500
Three-year growth: 6.6%
Rental yield: 4.5%
A hop and a skip from the Ballarat CBD, the suburb of Canadian is right on the rural-urban fringe. It was named for Canadian gold digger Henry Ross, who was a prominent figure in 1854’s Eureka Rebellion in Ballarat.
Canadian is home to parks and reserves like Sparrow Ground. It houses Lake Esmond, which was converted from a quarry and now serves as a recreational spot for rotary clubs and residents alike.
The suburb is very affordable, with houses selling at a median value of under $350,000. Price growth has been steady for five years – most recently, Canadian reported an increase of 5.5% in the year to August 2018. Rentals have gone very well as well in this period – rental vacancy rates fell from an average of 6.4% to just 5% on a weekly average rent rate of $300.