canadian

3350, Victoria

Real Estate & Property Information

Median
Price Rank
516

canadian Suburb Profile & Review

Canadian is a peaceful suburb in Ballarat's east. Residents enjoy access to walking trails, picnic facilities and children's playgrounds at two lovely reserves: Sparrow Ground and Lake Esmond Botanical Garden. Lake Esmond often hosts community gatherings and barbeques due to its vast open spaces.

Families send their children to Canadian Lead Primary School, a recently refurbished school that was established in 1993.

Central Square Shopping Centre the University of Ballarat and Ballarat Station are all less than ten minutes away. A Coles supermarket, takeaway restaurants and medical facilities are also located five minutes away in neighbouring Ballarat East. Buses routes 8 to Eureka, 9 to Canadian and 10 to Buninyong regularly travel between Ballarat Station and Canadian. They travel on to key locations such as Sovereign Hill and Ballarat Secondary College.

canadian Demographic Data

$ 299,000 Median House Price

79 Minutes Average Commute

31 Median Age

3,203 Population

51.20 % Female

48.80 % Male

836 NO OF FAMILIES

1.9 AVG CHILDREN PER FAMILY

0.9 AVG MOTOR VEHICLE PER DWELLING

What this means

The following data, without any explanation, is just that, raw data. So in order to help you research the property market, we have outlined what this demographic and real estate information means and how it can be interpreted to help you make a smarter decision when buying or selling your next house or unit in canadian, Victoria.

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canadian Demographic Data

The demographic data below has been supplied by the Australian Bureau of Statistics (ABS), which is a government body. It is based on Census data collected every 5 years on the Australian population. Although it is dated 2011, this is the latest data available and should give property investors, property buyers and sellers a very good idea when researching or reviewing their suburb.

It’s important to note when looking at this data that you don’t just use it on its own. Consider this demographic and real estate data as a whole and seek advice from a professional when thinking of buying or selling your next property.

canadian Median House Prices

  • 2008 $ 240,000
  • 2009 $ 251,250
  • 2010 $ 257,000
  • 2011 $ 280,000
  • 2012 $ 299,000

What this means

Median values are the most accepted measure of property values in the real estate industry in Australia. The median is the midpoint (the middle) figure when all the sold property prices over a particular period of time are ordered from their lowest to their highest value.

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canadian 5 Year Median House Prices

Here we have outlined the median value for all sales for each year over a period of 5 years. This is a more realistic timeframe when gauging how houses and units in canadian have performed, and it usually indicates how they will perform in the future.

Median values less than 3 months old are often not always accurate (due to incomplete data) and therefore cannot be relied upon for long-term canadian property price predictions.

canadian Market Property Types

  • 83 % Seperate House
  • 6 % Semi Detached
  • 11 % Flat or Unit
  • 0 % Other Dwelling

What this means

The property type in your suburb will help you identify the density of the area. The greater the number of flats, units and apartments, the more likely it is the suburb has a higher density of living and occupants are more reliant on public transport, cafes, restaurants, convenience stores and amenities, infrastructure and less reliant on their own vehicle for transport.

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canadian Market Property Types

Typically, inner city suburbs within 10km of the CBD are comprised of apartments and semi-detached homes, while middle ring suburbs have semi-detached and detached properties. Rural properties would most likely fall under the “other” category.

This ABS Property Type data combined with Population Density and Family Composition figures gives a good indication of the type of people living in an area and therefore what type of property (1-2 bed apartment or house) would be an ideal investment or property to live in.

canadian Income & Mortgage Stats

  • $ 1,119 Median Weekly Household Income
  • $ 1,500 Median Monthly Mortgage

What this means

This is one of the most compelling statistics in this section because it has a profound impact on real estate prices. It should always be considered when buying or selling property in canadian

Experts believe mortgage stress occurs in real estate when property owners are spending over 30% of their gross income on their mortgage repayments. These figures show weekly income and monthly mortgages.

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canadian Income & Mortgage Stats

To calculate the percentage of income paid towards a mortgage for the suburb of Melbourne, multiply the mortgage payment (e.g. $2450) by 12 then divide this figure by the weekly income (e.g. $1200) multiplied by 52 (weeks) to look like this ($2450 x12/$1200 x 52) x 100 = 47%

Any figure above 30% usually indicates that the suburb you intend to buy in may have property owners with a high incidence of mortgage stress. In terms of maintaining or growing property values in the future and trying to secure a strong property price when selling, this could have an impact, especially in an economic or local industry downturn.

canadian Sold Property Prices

canadian Real Estate Experts

In each suburb we have identified real estate agents who are active local experts. Our goal is to have a network of real estate agents that have been reviewed by previous clients for future buyers and sellers to rely on when making their next property move or even when they just wanting real estate advice.

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