Suburb Profile Report for Canadian VIC (3350)

Canadian House: Median price $339,000, Annual capital growth 3.23%, Number of sales 74, Weekly median advertised rent $300

Canadian Unit: Median price $267,000, Annual capital growth 3.48%, Number of sales 44, Weekly median advertised rent $270

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

Source: CoreLogic

  • House Report
  • Unit Report

Giving property investors a an average capital gain of 4.31% for the last year, Canadian, 3350 is the 2342th highest performer in Australia in this respect.

A 18.95% growth in median value for property investors in Canadian,3350 puts this suburb at number 238th in terms of best performing suburbs in VIC

Vendor discounting in Canadian is giving property investors an average Vendor Discount of around -5.05%. This puts suburb at number 274th in VIC when ranking the most discounted suburbs.

On average over the past year, suburb has had 6.17 sales per month, which equates to 74 per year.

Property investors should expect to get $300 weekly from the median priced house in this suburb.

Property value increases in Canadian have tracked close to the VIC average of 8.36% over the last 12 months.

Across a shorter period, Canadian, 3350 has seen a median price increase of -0.74% over the last quarter.

LACK OF BUYER INTEREST may well be the reason that Canadian is offering property investors an average of -4.67. This rate of discount on properties puts Suburb at number 88th in terms of most discounted suburbs in VIC

A $270 per week rent on the median house gives suburb investors a gross yield of circa 5.26%, without taking into account capital value appreciation, which has been averaging out at 3.48%.

Metrics i HOUSE UNIT
$339,000 $267,000
2.73% -0.74%
4.31% 5.74%
3.23% 3.48%
$300 $270
74 44
4.60% 5.26%
100.7 138.19

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (U)
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Demographics
Total population 3202
Median household income ($/weekly) 1119
Median age of persons 31
Median housing loan repayment ($/monthly) 1500
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 396 12.4
    20-24 years 327 10.2
    25-34 years 574 17.9
    35-44 years 448 14.0
    45-54 years 332 10.4
    Others 1125 35.1
    Age Group
    Census Count Percent(%)
    Registered Married 1074 46.1
    Not Married 971 41.7
    Defacto Relationship 286 12.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 2769 89.1
    Croatia 38 1.2
    Papua New Guinea 32 1.0
    United Kingdom 71 2.3
    Other 66 2.1
    Others 131 4.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 31 1.1
    Christianity 1919 65.5
    Hinduism 33 1.1
    Islam 15 0.5
    No Religion 916 31.3
    Others 15 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 122 11.2
    $600-$799 108 9.9
    $800-$999 114 10.5
    $1,000-$1,249 136 12.5
    $1,500-$1,999 160 14.7
    Others 446 41.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 967 39.0
    Not in the labour force 781 31.5
    Employed, worked part-time 514 20.7
    Unemployed, looking for work 117 4.7
    Employed, away from work 103 4.1
    Person Characteristics
  • Census Count Percent(%)
    Professionals 373 23.5
    Technicians & trades workers 264 16.6
    Community & personal service workers 184 11.6
    Clerical & administrative workers 215 13.6
    Sales 155 9.8
    Others 395 24.9
    Occupation
    Census Count Percent(%)
    Pre-school 68 8.1
    Infants/Primary 255 30.5
    Secondary 199 23.8
    Technical or Further Educational Institution 55 6.6
    University or other Tertiary Institutions 243 29.0
    Others 17 2.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2661 87.9
    Flat, unit or apartment 206 6.8
    Semi-detached, row or terrace house, townhouse 158 5.2
    House or flat attached to a shop, office 3 0.1
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 505 43.2
    Rented 373 31.9
    Fully owned 288 24.6
    Other tenure type 4 0.3
    Tenure Type
Census 2011, ABS
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