Located in New South Wales within the Canada Bay local government area, Canada Bay is a close-knit residential community (postcode 2046). With a population of 1,308, the suburb has an established family demographic with a median age of 40. Households earn a median income of $129K per year, with an average household size of 2.7 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.7% year-on-year at the LGA level. NSW employment has moved +0.3% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. NSW also had 37 Commonwealth-backed major projects under construction, 5 underway, and 75 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, managers, clerical & administrative. Employment in the area leans toward healthcare and education. The top ancestries reported are Italian, English, Australian.
The median house price in Canada Bay is $3.0 million, having surged by 11.9% over the past year. Units have a median price of $1.1 million (-6.4% YoY). The current median weekly rent is $920. This gives a gross rental yield of approximately 1.6%. The median monthly mortgage repayment is $3,033.
Canada Bay is served by 1 school, including 1 special. The average ICSEA score is 1057, which is above the national average of 1,000. Public transport access includes 4 bus stops. The crime rate in the Canada Bay LGA is below average at 2,038 incidents per 100,000 population.
On the investment side, Gross rental yield sits at around 1.6% (low yield). Property prices are above the state median ($3.0M/$1.5M), placing it in the premium segment. The price-to-income ratio of 23.1x is considered stretched. House prices have moved +11.9% year-on-year. Population growth of +0.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.