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Canterbury, VIC 3126

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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, VIC 3126 located in Melbourne 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 

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5BR

Rent 

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Yield 

2BR

3BR

4BR

5BR

Buy 

1BR

2BR

3BR

Rent 

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Yield 

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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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0 thoughts on “Canterbury, VIC 3126”

  1. The total adult population (15 years or older) of Canterbury 3126 VIC is 6,564, with a median age of 46. Of those, 57.34% are married, 7.16% are divorced or separated, 29.91% are single and 5.67% are widowed.

    The average household size is 2.7 people per dwelling, and the median household monthly income is estimated to be $14,372. The median monthly mortgage repayment for households in this suburb is $3,500 which is 24.35% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled in the state of Victoria (VIC), the suburb of Canterbury 3126 is home to approximately 3639 households. In Q3 of 2023, an overview of Canterbury’s property market shows that the typical price for houses stood at a hefty $3,185,373. The staggering price point is reflected in the weekly median rent at $951, which results in an indicative yield of 1.55% – proving to be a potential concern for yield-focused investors.

    Canterbury prides itself on a high IRSAD score of 1146 out of 1217, indicating a suburb populated by residents in higher income ranges and professional occupations, which, in turn, speaks volumes about the socio-economic health of the area. This could be an attractive trait for potential investors looking for steady rental income.

    Several key metrics suggest that Canterbury could be a viable option for property investors. The renter to owner ratio stands at a favourable 19%, well below the 30% threshold that might suggest an oversaturated rental market. Furthermore, the units to houses ratio is also in the favourable range at a low 18% – a sign of a potential for longer tenancy periods and less competition among property owners.

    However, the affordability index stands at a significantly high 87 years, indicating that homeownership is quite out of reach for an average resident, and might place a limit on potential price growth due to affordability constraints. It’s an important factor to consider for those looking at long-term capital gains.

    In terms of supply, the suburb shines with low stock on market Percentage at 0.2%, and inventory level averaging at merely 0.75 months. In conjunction with a reasonable building approvals ratio for houses at 1.8%, these metrics foresee an attractive balance of supply that could ensure steady price growth in the future.

    Furthermore, houses in Canterbury don’t stay on the market for long, with an impressive average DoM of 24 days, which speaks volumes about demand in the suburb. Meanwhile, the vacancy rate stands at a fair 1.58%, leaning towards the side of high demand. Lastly, a buy search index rating of 6 for houses indicates substantial online interest in the area.

    In summary, Canterbury 3126 exhibits several favourable metrics for property investment. While the affordability index may be of concern, factors such as the healthy IRSAD score and favourable supply-demand balance, coupled with a low renter to owner and units to houses ratios, could make it a prospective investment area. Irrespective, continual monitoring of market trends and data, backed by tools such as the HtAG Analytics’ RCS, ensure well-informed property investment decisions.

    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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