Canadian is a smaller suburb in Victoria within the Ballarat local government area (postcode 3350). With a population of 4,098, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $75K per year, with an average household size of 2.4 people. The most common occupations are professionals, community & personal service, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Canadian is $490,000, having declined 7.4% over the past year. Units have a median price of $389,000 (+2.1% YoY). The current median weekly rent is $410. This gives a gross rental yield of approximately 4.4%. The median monthly mortgage repayment is $1,387.
Public transport access includes 11 bus stops. The crime rate in the Ballarat LGA is higher than average at 11,695 incidents per 100,000 population.
From an investment perspective, Canadian offers a gross rental yield of 4.4%, rated as moderate yield. Property prices sit below the state median ($490K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 6.6x is considered moderate. House prices have moved -7.4% year-on-year.
Canadian is a smaller suburb in Victoria within the Ballarat local government area (postcode 3350). With a population of 4,098, the suburb has a mix of young professionals and families with a median age of 37. Households earn a median income of $75K per year, with an average household size of 2.4 people. The most common occupations are professionals, community & personal service, technicians & trades. The top ancestries reported are English, Australian, Irish.
The median house price in Canadian is $490,000, having declined 7.4% over the past year. Units have a median price of $389,000 (+2.1% YoY). The current median weekly rent is $410. This gives a gross rental yield of approximately 4.4%. The median monthly mortgage repayment is $1,387.
Public transport access includes 11 bus stops. The crime rate in the Ballarat LGA is higher than average at 11,695 incidents per 100,000 population.
From an investment perspective, Canadian offers a gross rental yield of 4.4%, rated as moderate yield. Property prices sit below the state median ($490K/$875K), suggesting a potential value opportunity. The price-to-income ratio of 6.6x is considered moderate. House prices have moved -7.4% year-on-year.