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City of Canada Bay Council, NSW

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The City of Canada Bay is a local government area in Sydney’s Inner West. The property market in the LGA is extremely diverse, with a wide range of properties available at different prices.

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There are many affordable apartments and townhouses available, as well as a number of luxury properties. The area is popular with families and young professionals, and there is a strong demand for housing.

The economy in the City of Canada Bay is based on a mix of light industry, retail and commercial businesses, and a wide range of professional services. There is also a significant amount of public sector employment. The area has a well-educated population, with a high proportion of residents holding university degrees. The median household income is above the Sydney metropolitan average.

Professionals (33.1 %), Managers (18.4 %), Clerical and Administrative Workers (14.8 %), Sales Workers (9.1 %), and Technicians and Trades Workers (8.7 %) are the most frequent jobs in Canada Bay. In Canada Bay, the median weekly personal income for those aged 15 years and above was $882.

The area is well-served by public transport, with a number of buses and ferries available. There are also a number of schools and hospitals in the area, and a variety of shops and restaurants.

There are a number of waterfront properties available in the area, and these tend to be the most expensive. The rental market is also very diverse, with a wide range of properties available to rent at different prices. The prices can vary significantly depending on the size and location of the property. In Canada Bay, 38.6 % of occupied private residences are detached houses, 9.3 % are semi-detached, row or terrace houses, townhouses, or other buildings, 50.7 % are flats or apartments, and 1.0 % are other dwellings.

The Canada Bay, NSW property market for investors is currently stable, with a healthy mix of new and established developments. The area is seeing a lot of interest from young professionals and families, so investors can expect good rental yields and capital growth potential in the future.

Discover the latest trends in Canada Bay real estate market with the help of interactive dashboard on this page.

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Suburb Heatmap Analysis

Property Market Snapshot

This page provides an overview of the LGA real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this council area. You are able to drill down to suburb-level data and charts which visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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Property Market in City of Canada Bay Council, NSW

What other property markets are there near City of Canada Bay Council, NSW?

City of Canada Bay Council is surrounded by 4 other council areas – Burwood, Inner West, Strathfield, Parramatta.

How many people live in City of Canada Bay Council, NSW?

There are approximately 88000 people living in roughly 37000 dwellings in total, with an average household size of 2.6.

What are current and planned infrastructure projects in City of Canada Bay Council, NSW?

Notable infrastructure projects include Cintra Park Netball Amenities Upgrade, Five Dock Revitalisation, Majors Bay Reserve Precinct, Timbrell Park Amenities Upgrade, Redevelopment of Concord Oval, Five Dock car park redevelopment.

What major retailers are there in City of Canada Bay Council, NSW?

The main retail centres are Birkenhead Point Brand Outlet, Top Ryde City Shopping Centre, Westfield Burwood.

What is the main industry in City of Canada Bay Council, NSW?

Such sectors as Professional, Scientific and Technical Services, Health Care and Social Assistance, Financial and Insurance Services, Retail Trade, Construction make up the largest part of the employment.

What are the dominant demographic groups in City of Canada Bay Council, NSW?

Among approximately 88000 people in City of Canada Bay Council males and females make roughly 48% and 52% respectively. The median age of people is 36 years. Children aged 0-14 years account for approximately 16% of the population, and those aged 65+ years account for 15%.

How is unemployment rate trending in City of Canada Bay Council, NSW?

Among approximately 47000 people employed, roughly 64% work full-time, 26% work part-time, and an estimated 5% are unemployed.

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