Canterbury

Canterbury, VIC 3126, with a population of 7800 residents, offers a mix of residents across various age groups, with a notable percentage in the 45 to 64 years and 65 or over age brackets. The suburb has a high median household income, relatively low social housing ratio, and a significant proportion of professionals and managers as the top occupations. Commute options include trains and motor vehicles. For house investors: Canterbury presents a high median sale price with a relatively high sale price IQR ratio, indicating opportunities for renovators. The suburb has a moderate market absorption rate, which could lead to reasonable demand and potential growth. For unit investors: With a lower sale price median than houses, units provide a more affordable entry point. The market absorption rate for units is relatively high, indicating good demand. Canterbury, VIC 3126, is a suburb characterised by its affluent demographic profile, offering good prospects for both house and unit investors. Homebuyers seeking a mix of professionals and families in a well-off community may find Canterbury an attractive choice. The suburb’s convenient transport options and educational advantages further enhance its appeal for residents and investors alike. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022