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Canada Bay, NSW 2046

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Canada Bay, NSW 2046 located in Sydney to help you make an informed decision about your property choice in this suburb.





Market Snapshot

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

Buy 

2BR

3BR

4BR

5BR

Rent 

2BR

3BR

4BR

5BR

Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

1BR

2BR

3BR

Yield 

1BR

2BR

3BR

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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0 thoughts on “Canada Bay, NSW 2046”

  1. The total adult population (15 years or older) of Canada Bay 2046 NSW is 1,063, with a median age of 40. Of those, 49.58% are married, 11.19% are divorced or separated, 33.96% are single and 4.61% are widowed.

    The average household size is 2.7 people per dwelling, and the median household monthly income is estimated to be $11,188. The median monthly mortgage repayment for households in this suburb is $3,033 which is 27.11% of their earnings.

    Source: ABS Census Data (2021)

  2. Situated in NSW, the peaceful suburb of Canada Bay (postal code 2046) nestles approximately 543 households. As we look at the property stats for Q3 2023, the typical price point for houses is placed around the $2,310,539 mark, with a median weekly rental return of $827. However, the calculated indicative yield sits at a low of 1.86%, which is below the minimum attractive market requirement for cashflow-centered property investors.

    Diving into the socio-economic make-up of the area, Canada Bay holds an impressive IRSAD score of 1099 out of 1217. This data point suggests a local populace that enjoys a higher socio-economic status with good accessibility to economic resources.

    In terms of property ownership dynamics, the area’s renter-to-owner ratio lands at 33%. Although this figure is above the preferred range of below 30%, which brings a note of caution for potential investors wary of oversaturation and potential risks related to high competition.

    An evaluation of property types in the region uncovers a units-to-houses ratio of 31%, which leans positively. A lower proportion of units not only minimises competition among landlords for tenants but also often attracts families leading to longer tenancy periods.

    However, affordability appears to be a challenge in this area with a sizeable affordability index value of 81 years, significantly above the typical 30-year mortgage assumption.

    A look at the supply metrics uncovers a favourable market scenario. The stock on market Percentage is a low 0.34%, and the inventory flow for properties sums up to 1.71 months – both of which points to a low-supply market environment that’s desirable for investors. Housing development seems slow, with a building approvals Ratio standing at 0%, indicating no influx of new dwellings that could risk oversaturating the market.

    Demand seems to be strong with only 17 days on market for houses on average. The vacancy rate echoes this, sitting at a healthy level of 1.69%, suggesting a high demand to supply ratio – a favourable market condition for landlords or investors eyeing regular rent returns.

    Finally, the buy search index for houses measures at 4, reflecting a balanced level of buyer interest in the area compared to the state or city average. Remember, though some metrics fall out of the ‘ideal’ range, the overall market condition paints a comprehensive picture, and a balance that leans towards favourable conditions could still spell good investment potential.

    There’s a tool developed by HtAG Analytics known as the Relative Composite Score (RCS) that takes into account over 80 metrics to help property investors with a quick overall market analysis. This automation significantly simplifies the research process and provides investors with a broad perspective on the property market.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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