Canterbury is a mid-sized suburb in New South Wales within the Canterbury-Bankstown local government area (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. The most common occupations are professionals, clerical & administrative, managers. The top ancestries reported are Chinese, English, Australian.
The median house price in Canterbury is $2.0 million, having surged 12.1% over the past year. Units have a median price of $745,000 (+5.8% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 1.7%. 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 2,349 incidents per 100,000 population.
From an investment perspective, Canterbury offers a gross rental yield of 1.7%, rated as low yield. Property prices are above the state median ($2.0M/$1.5M), placing it in the premium segment. The price-to-income ratio of 20.3x is considered stretched. House prices have moved +12.1% year-on-year.
Canterbury is a mid-sized suburb in New South Wales within the Canterbury-Bankstown local government area (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. The most common occupations are professionals, clerical & administrative, managers. The top ancestries reported are Chinese, English, Australian.
The median house price in Canterbury is $2.0 million, having surged 12.1% over the past year. Units have a median price of $745,000 (+5.8% YoY). The current median weekly rent is $650. This gives a gross rental yield of approximately 1.7%. 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 2,349 incidents per 100,000 population.
From an investment perspective, Canterbury offers a gross rental yield of 1.7%, rated as low yield. Property prices are above the state median ($2.0M/$1.5M), placing it in the premium segment. The price-to-income ratio of 20.3x is considered stretched. House prices have moved +12.1% year-on-year.