Canoelands (postcode 2157) is a small, quiet locality in New South Wales within the Hornsby local government area. The area has roughly 177 residents and a settled, mature resident base, with a median age of 45. Households earn a median income of $113K per year, with an average household size of 3.1 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.4% 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 managers, professionals, technicians & trades. Employment in the area leans toward construction and education. The top ancestries reported are Australian, English, Irish.
The median house price in Canoelands is $1.9 million, having climbed sharply by 53.4% over the past year. The current median weekly rent is $850. This gives a gross rental yield of approximately 2.4%. The median monthly mortgage repayment is $2,084.
Public transport access includes 3 bus stops. The crime rate in the Hornsby LGA is low at 1,229 incidents per 100,000 population.
Looking at the investment signals, Canoelands shows a gross rental yield of approximately 2.4%, rated as low yield. Property prices are near the state median ($1.9M/$1.5M). The price-to-income ratio of 16.6x is considered stretched. House prices have moved +53.4% year-on-year. Population growth of +0.4% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.