Canada Bay is a small community in New South Wales within the Canada Bay local government area (postcode 2046). With a population of 1,308, the suburb has an established 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. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are Italian, English, Australian.
The median house price in Canada Bay is $2.9 million, having surged 10.7% over the past year. Units have a median price of $1.1 million (-6.4% YoY). The current median weekly rent is $868. This gives a gross rental yield of approximately 1.5%. 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 2,018 incidents per 100,000 population.
From an investment perspective, Canada Bay offers a gross rental yield of 1.5%, rated as low yield. Property prices are above the state median ($2.9M/$1.5M), placing it in the premium segment. The price-to-income ratio of 22.8x is considered stretched. House prices have moved +10.7% year-on-year.
Canada Bay is a small community in New South Wales within the Canada Bay local government area (postcode 2046). With a population of 1,308, the suburb has an established 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. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are Italian, English, Australian.
The median house price in Canada Bay is $2.9 million, having surged 10.7% over the past year. Units have a median price of $1.1 million (-6.4% YoY). The current median weekly rent is $868. This gives a gross rental yield of approximately 1.5%. 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 2,018 incidents per 100,000 population.
From an investment perspective, Canada Bay offers a gross rental yield of 1.5%, rated as low yield. Property prices are above the state median ($2.9M/$1.5M), placing it in the premium segment. The price-to-income ratio of 22.8x is considered stretched. House prices have moved +10.7% year-on-year.