Canterbury has had a quite poor year for property investment returns compared to the rest of NSW, giving investors a capital gain of 14.62% to date .
Over the longer term, Canterbury has seen property prices show investors a 13.73% return over the last 3 years. This is an improvement over the last 12 months
At number 622th of NSW’s most discounted properties, Canterbury is in the TOP 20% of the state/territory when listing in order of most discounted to least.
Canterbury, 2193’s gross rental yield is 2.08%
NSW has seen average median house prices change by 8.55% which means that Canterbury, 2193 has done well for property investors by showing a capital gain of 0.76% over the last year
The five-year average increase in median property values for Canterbury,2193 has given property investors a potential capital gain of -0.75% across each of those five years.
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -1.85% offered to property buyers. Sellers in Canterbury itself are offering an average vendor discount of -3.37% to real estate investors.
At number 1616 in a list of fastest selling suburbs, Canterbury is in the bottom 30% of suburbs in Australia with an average of days on market 70.5208 for properties listed there.
Canterbury is 358th on a list of best yielding suburbs for rents in NSW with a 3.36% return
Information supplied by:
Rental demand falls
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.