Located in New South Wales within the Canterbury-Bankstown local government area, Canterbury is a medium-sized suburb (postcode 2193). With a population of 9,430, the suburb has a mix of young professionals and families with a median age of 34. Households earn a median income of $98K per year, with an average household size of 2.5 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.0% 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, clerical & administrative, managers. Employment in the area leans toward healthcare and professional services. The top ancestries reported are Chinese, English, Australian.
Canterbury has a median house price of $2.0 million, which has risen steeply by 11% year-on-year. Units have a median price of $785,000 (+7.5% YoY). The current median weekly rent is $710. This gives a gross rental yield of approximately 1.9%. The median monthly mortgage repayment is $2,200.
Canterbury is served by 4 schools, including 2 primary, 2 secondary. The average ICSEA score is 1049, which is around the national average of 1,000. Public transport access includes 1 rail station, 25 bus stops. The crime rate in the Canterbury-Bankstown LGA is below average at 2,382 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 1.9% (low yield). Property prices are near the state median ($2.0M/$1.5M). The price-to-income ratio of 20.0x is considered stretched. House prices have moved +11.0% year-on-year. Population growth of +1.0% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.