Canterbury is a mid-sized suburb in Victoria within the Boroondara local government area (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. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Chinese.
The median house price in Canterbury is $3.2 million, having declined 5% over the past year. Units have a median price of $1.0 million (-6.7% YoY). The current median weekly rent is $565. This gives a gross rental yield of approximately 0.9%. 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.
From an investment perspective, Canterbury offers a gross rental yield of 0.9%, rated as 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.
Canterbury is a mid-sized suburb in Victoria within the Boroondara local government area (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. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Chinese.
The median house price in Canterbury is $3.2 million, having declined 5% over the past year. Units have a median price of $1.0 million (-6.7% YoY). The current median weekly rent is $565. This gives a gross rental yield of approximately 0.9%. 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.
From an investment perspective, Canterbury offers a gross rental yield of 0.9%, rated as 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.