canterbury

3126, Victoria

Real Estate & Property Information

Median
Price Rank
4

canterbury Suburb Profile & Review

Canterbury is a quaint, leafy suburb in Melbourne's east. Home to affluent families and opulent mansions, the area contains some of the city's most prestigious private schools, including Camberwell Grammar School, Camberwell Girls Grammar School and Strathcona Baptist Girls Grammar School. Monomeath Avenue, part of a particularly exclusive stretch of roads and avenues known as 'The Golden Mile,' is home to several notable politicians, business leaders and celebrities.

The Mailing Road shopping strip has an old-world atmosphere, and boasts boutique cafes, fashion retailers and beauty specialists. Canterbury Station looms above the precinct, and frequent train services travel into the city on the Belgrave and Lilydale line. The delights of Camberwell namely Camberwell Junction and the Rivoli Cinema are a five minute drive along Canterbury Road.

Canterbury Gardens' rolling lawns are the perfect place for a walk or a picnic, while the Canterbury Sports Ground on Chatham Road has a playground for the kids and an oval for local cricket and football teams.

canterbury Demographic Data

$ 1,700,000 Median House Price

22 Minutes Average Commute

44 Median Age

7,857 Population

53.20 % Female

46.80 % Male

2064 NO OF FAMILIES

2.0 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 canterbury, Victoria.

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canterbury 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.

canterbury Median House Prices

  • 2008 $ 1,595,000
  • 2009 $ 1,610,000
  • 2010 $ 1,680,000
  • 2011 $ 1,753,000
  • 2012 $ 1,700,000

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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canterbury 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 canterbury 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 canterbury property price predictions.

canterbury Market Property Types

  • 69 % Seperate House
  • 17 % Semi Detached
  • 14 % 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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canterbury 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.

canterbury Income & Mortgage Stats

  • $ 2,350 Median Weekly Household Income
  • $ 2,984 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 canterbury

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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canterbury 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.

canterbury Sold Property Prices

canterbury 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.

canterbury Related Local Blog Posts

Immigrants Are Pushing House Prices Higher

Much of Australia’s history and success has been built on the back immigration but are the current intake levels too high and how are they impacting prices?

Hangover Stock Brings About Buying Opportunities

This week Melbourne’s auction market has been tested with over 1200 properties reportedly going under the hammer over the weekend. Although both Domain and the REIV show clearance rates at nearly 70%, this on the surface seems good but in actual fact is 10% down for the same time last year. Speaking to a number of agents around town confirms….

Where is The Property Market Heading?

There has been a lot of “white noise” surrounding the Sydney and Melbourne property market over the last few months and it has taken me a while to determine which way things were actually going to go. Is the Australian property market heading down the gurgler or is this just a glitch?

Property Market Trends in Melbourne Which Could Affect Prices

In this final edition we look at what how the Melbourne property market has fared and what whether we are likely to see any changes in property prices, demand for property and economic drivers.

New Research Shows Consumers Who Don’t Own A Home Could Be Worse Off in Retirement

New Research released last week by Roy Morgan shows that people who don’t own a home have become worse off in terms of their net wealth and are jeopardising their retirement.

Is Australian Housing Heading for a Hard Landing or a Financial Cliff?

From my experience and talking with real estate agents the Melbourne market has softened no doubt, but are we heading towards a financial cliff?

canterbury Restaurants

  • The Wildflower Restaurant1 Theatre Placecanterbury VIC 312603 9888 6662
  • Blue River Thai Restaurant239 Canterbury Roadcanterbury VIC 312603 9888 6229

canterbury Cafes

  • Caffe 241241 Canterbury Roadcanterbury VIC 312603 9836 3602
  • Ruby Tea's Maling114 Maling Roadcanterbury VIC 312603 9836 1914
  • Sip and Bite247 Canterbury Roadcanterbury VIC 312603 9836 1871

canterbury Schools

  • Camberwell Girls Grammar2 Torrington Streetcanterbury VIC 3126(03) 9813 1166Private School
  • Camberwell Grammar55 Mont Albert RoadÊcanterbury VIC 3126(03) 9835 1777Private School
  • Strathcona Baptist Girls Grammar Main School34 Scott Streetcanterbury VIC 3126(03) 8779 7500Private School

canterbury Childcare

  • Canterbury Child Care Centre15 Gwenda Avenuecanterbury VIC 3126
  • Playstation190A Canterbury Roadcanterbury VIC 3126

canterbury Kindergarten and Preschools

  • Norwood Baptist Kindergarten2 Boronia Streetcanterbury VIC 3126
  • St. Pauls Anglican KinderChurch Streetcanterbury VIC 3126
  • Strathcona Baptist Girls School34 Scott Streetcanterbury VIC 3126

canterbury Sporting Centres and Clubs

  • Boroondara Parkcanterbury VIC 3126Tennis Club & Courts
  • Canterbury Baptist T. Clubcanterbury VIC 3126Tennis Club & Courts
  • Shenley Groundcanterbury VIC 3126Tennis Club & Courts

Find out How Much your House is Worth in canterbury

Request a free market Basic Report for canterbury to get a general idea of property prices in your area, or a more specific CMA Report for the property you own.

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