Fraud Blocker

Canadian, VIC 3350

Home » VIC Real Estate Data » Ballarat City, VIC » Canadian, VIC 3350

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 Canadian, VIC 3350 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™

Upgrade to Professional Plan to see the score

Capital Growth RCS™

Upgrade to Professional Plan to see the score

Cashflow RCS™

Upgrade to Professional Plan to see the score

FREE Investment Property Checklist

Secure your golden ticket to property investment success! Get our meticulously crafted Property Investment Checklist upon subscribing to our newsletter. It’s jam-packed with valuable insights from prime locations to specific building nuances.

Essentials
No Price Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

No Rent Data
Loading…

Upgrade to Personal Plan to see forecasts on the graph above.

Upgrade to Personal Plan to see Yield data.
Yield chart
Upgrade to Professional Plan to see Growth Rate Cycle data.
GRC chart
Fundamentals
Upgrade to Personal Plan to see IRSAD data.
IRSAD chart
Upgrade to Personal Plan to see U|H and R|O data.
Renters to owners pie chart
Upgrade to Personal Plan to see U|H and R|O data.
unit to houses pie charts
Upgrade to Personal Plan to see Demand Profile data.
Demand chart
Upgrade to Professional Plan to see Affordability Index data.
Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

Upgrade to Professional Plan to see Stock On Market trend.
SOM chart
Upgrade to Professional Plan to see Inventory trend.
Inventory chart
Upgrade to Professional Plan to see Building Approvals trend.
Inventory chart
Upgrade to Professional Plan to see Hold Period trend.
Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

Upgrade to Professional Plan to see Days On Market trend.
DOM chart
Upgrade to Professional Plan to see Vacancy Rate trend.
Inventory chart
Upgrade to Professional Plan to see Search Index trend.
Index chart
Upgrade to Professional Plan to see Clearance Rate trend.
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.

Have a question? You can either leave a comment below or post it on our forum.

0 thoughts on “Canadian, VIC 3350”

  1. The total adult population (15 years or older) of Canadian 3350 VIC is 3,371, with a median age of 37. Of those, 41.86% are married, 12.19% are divorced or separated, 39.60% are single and 6.44% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $7,312. The median monthly mortgage repayment for households in this suburb is $1,387 which is 18.97% of their earnings.

    Source: ABS Census Data (2021)

  2. Located within the vibrant heartland of VIC, the suburb of Canadian 3350 is a thriving residential area with an estimated 2,191 households. As per the Q3 2023 statistics, the typical prices for houses in Canadian are AUD 520,631 with a median weekly rent of AUD 373. This dynamic pricing structure yields an indicative return of 3.73%, which comfortably meets the market requirement for property investors in search of cash-flow positive returns.

    Canadian 3350 holds a socio-economic score (IRSAD) of 968 out of a possible 1217, suggesting a relatively good socio-economic status among the local population. The renter to owner ratio stands at 35%, deciphering a balanced residential yield potential in the long term. This ratio figures just above the desired benchmark, thus hosts a balanced interest among property owners and renters which is a good sign for investors.

    Further drilling down into the property market fundamentals, the suburb reveals a units to houses ratio of 11%. A lower percentage suggests an under-saturation of rental properties, indicating less competition among landlords for tenants, making the locality more appealing for long-term tenancies and potentially higher rental yields.

    Taking a glance at the suburb’s affordability index shows the required time to fully own a property is 28 years. This value, below the standard 30-year mortgage term, highlights an appreciable affordability within the prevalently valued property market.

    In terms of market supply metrics, Canadian shows a favourable stock on market Percentage of 0.26% for houses. In unison, the suburb’s inventory level, a languid 0.74 months, indicates an extremely absorbent and fast-paced market, leading to robust property valuation.

    The building approvals Ratio for houses is a moderate 0.58%, signaling a balanced influx of new dwelling stock into the market. A slightly higher than usual days on market for houses at 73 days might be a concern for some but should be considered in tandem with the market dynamics.

    The vacancy rate, combining both houses and units, shows a significant demand with a minimal rate of 0.92%. Such a high demand-minimal supply scenario was also replicated in the form of buy search index for houses rated at 5, denoting an average interest from buyers compared to the state or city average.

    In summarizing, Canadian 3350 provides an attractive vista of property investment opportunities with favourable dynamics for both, demand and supply. As the figures show, it presents a balanced and potentially high yielding mix of essential metrics, market fundamentals, property supply, and buyer demand metrics. However, remember this data provides a snapshot of the suburb’s current state, and staying attuned to the property market trends is crucial for successful property investment. For streamlined research, referring to the Relative Composite Score (RCS) developed by HtAG Analytics can help automate this market analysis.

    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.

Leave a comment