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Canley Vale, NSW 2166

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 Canley Vale, NSW 2166 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 “Canley Vale, NSW 2166”

  1. The total adult population (15 years or older) of Canley Vale 2166 NSW is 8,578, with a median age of 39. Of those, 42.33% are married, 16.57% are divorced or separated, 35.21% are single and 5.85% are widowed.

    The average household size is 3.1 people per dwelling, and the median household monthly income is estimated to be $5,808. The median monthly mortgage repayment for households in this suburb is $1,694 which is 29.17% of their earnings.

    Source: ABS Census Data (2021)

  2. Located in NSW, the suburb of Canley Vale 2166 or simply Canley Vale, is home to an estimated 3,732 households. As of the third quarter of 2023, the average price for houses in Canley Vale stands at $1,140,872 AUD. These houses have a median weekly rent price tag of $480 AUD, resulting in an indicative yield of 2.19%. Although this yield is lower than the ideal 3% yield for cash flow focused property investors, it’s certainly not negligible.

    The Index of Relative Socio-economic Advantage and Disadvantage (IRSAD) score in Canley Vale sits at 869 out of a possible 1217. This indicates that the socio-economic background of Canley Vale’s residents is fairly balanced, with fair access to economic resources and only a slightly below average presence of skilled professions.

    In terms of rental demographics, the renter to owner ratio in Canley Vale is slightly over the desired threshold at 41%. While a lower ratio could mean less competition among landlords, this ratio could also display the neighbourhood’s appeal to renters.

    The unit to house ratio in Canley Vale is 36%, indicating a strong presence of houses over units. This ratio favours buyers and investors who cater to families who prefer long tenancy periods, often yielding steadier rental incomes.

    An interesting metric, the affordability index for houses, sits at 77 years. This well-above average figure implies that this market could be less accessible for first-home buyers, but could attract more established buyers or investors.

    On the supply side, the stock on market percentage for these houses is markedly below the average threshold at 0.15%, indicating low supply. Adding to this, the inventory level for houses, or months of supply, is also significantly low at 0.71 months. building approvals for houses are at a slightly higher than preferable 1.65%, revealing a small influx of new housing stock.

    Successfully selling a house in Canley Vale 2166 on average takes about 67 days, or a little over two months, suggesting a neutral level of demand. The combined vacancy rate for both houses and units is low at 0.92%, which may point towards a higher demand for rental properties. Lastly, the buy search index for houses in Canley Vale sits on the lower end at 3, implying only limited future demand.

    In conclusion, examining these real-time property market figures can help us track trends and identify favourable investment opportunities in Canley Vale 2166 or other prospective suburbs. However, while these single metrics provide valuable insights, it is also beneficial to consider a Relative Composite Score developed by HtAG Analytics which allows a more comprehensive market assessment using over 80 metrics.

    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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