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Canterbury, NSW 2193

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 Canterbury, NSW 2193 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 “Canterbury, NSW 2193”

  1. The total adult population (15 years or older) of Canterbury 2193 NSW is 8,051, with a median age of 34. Of those, 43.93% are married, 11.64% are divorced or separated, 41.32% are single and 3.06% are widowed.

    The average household size is 2.5 people per dwelling, and the median household monthly income is estimated to be $8,404. The median monthly mortgage repayment for households in this suburb is $2,200 which is 26.18% of their earnings.

    Source: ABS Census Data (2021)

  2. CANTERBURY 2193, located in NSW, hosts around 5110 households, presenting an active and vibrant residential region. As of Q3 2023, the typical prices for houses hover around the $1,565,248 mark, while the median weekly rent sits at $729, forming an indicative yield of 2.42%. Though falling below the attractive market requirement of a yield above 3% for cashflow-centered property investors, it’s key to note that property market analysis is multi-faceted and dependent on a host of metrics.

    The suburb boasts an IRSAD score of 1038 out of a total 1217, indicating a relatively strong socio-economic status within the area. However, investors need to keep an eye on the renter to owner ratio and units to houses ratio, which stand at 48% and 72% respectively, both higher than the favourable range for these metrics. This suggests a market saturation with rental properties and units and should be factored into long-term investment decisions.

    Furthermore, gauging affordability can be gleaned from the Affordability Index, which unfortunately sits at an elevated 73 years for houses in CANTERBURY 2193. This potentially highlights a decreased level of affordability in the area.

    Turning attention to supply metrics, the stock on market Percentage for houses stands at 0.57% – within the neutral range – highlighting a balanced market dynamic. Additionally, the inventory level for houses is poised at 2.57 months, within the favourable low-supply market range, and the building approvals Ratio is comfortably within favourable conditions at 1.43%.

    The property market’s attractiveness is further boosted by a low days on market for houses (20 days), indicating high demand. This notion is underlined by the vacancy rate (considering both houses and units) at a mere 0.86%, signalling firm demand. However, the buy search index is at 3, just teetering on the brink of limited demand, presenting an aspect that warrants monitoring.

    On balance, while some metrics present challenges, the market in CANTERBURY 2193 offers a mixed bag of opportunities for the wise investor who knows that not all metrics need to lie in favourable ranges for a worthwhile investment. The RCS (Relative Composite Score) by HtAG Analytics would complement this analysis by including additional metrics to evaluate the property market’s attractiveness.

    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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