Located in Victoria within the Boroondara local government area, Canterbury is a medium-sized suburb (postcode 3126). With a population of 7,800, the suburb has a mature demographic with a median age of 46. Households earn a median income of $150K per year, with an average household size of 2.7 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +0.7% year-on-year at the LGA level. VIC employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. VIC also had 45 Commonwealth-backed major projects under construction, 17 underway, and 27 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, managers, clerical & administrative. Employment in the area leans toward healthcare and professional services. The top ancestries reported are English, Australian, Chinese.
Canterbury has a median house price of $3.2 million, which has declined by 5% year-on-year. Units have a median price of $714,000 (-31.3% YoY). The current median weekly rent is $678. This gives a gross rental yield of approximately 1.1%. The median monthly mortgage repayment is $3,500.
Canterbury is served by 6 schools, including 1 primary, 2 secondary, 3 combined. The average ICSEA score is 1160, which is well above the national average of 1,000. Public transport access includes 3 rail stations, 24 bus stops. Healthcare facilities include 1 public hospital. The crime rate in the Boroondara LGA is moderate at 5,549 incidents per 100,000 population.
Looking at the investment signals, Gross rental yield sits at around 1.1% (low yield). Property prices are above the state median ($3.2M/$875K), placing it in the premium segment. The price-to-income ratio of 21.5x is considered stretched. House prices have moved -5.0% year-on-year. Population growth of +0.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.