Thinking about buying in Canterbury? Now could not be a better time, with 6434 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,087,000 with prices in this suburb ranging from $152,000 to $13,232,000. Canterbury is located fairly close to the coast at just 5Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.

Canterbury Real Estate Market Outlook

Consistent high demand relative to supply is a key feature in Canterbury driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. High average incomes in Canterbury ensure a focus on quality with a commensurate high entry price under constant demand. Competition for available quality housing is intense with multiple offers likely to be made in excess of asking prices. The high percentage of professional people in Canterbury classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. Medium density in Canterbury necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.

Properties for sale Canterbury

	UNIT 20, 6 BALWYN RD, CANTERBURY, VIC, 3126	4	2	2	$3,000,000 - $3,300,000
	UNIT 1, 20 DRYDEN ST, CANTERBURY, VIC, 3126	2	1	1	Sold
	UNIT 102, 85 MALING RD, CANTERBURY, VIC, 3126	1	1	1	For Sale $460,000
	7 HIGHFIELD RD, CANTERBURY, VIC, 3126	4	1	1	$2,300,000 - $2,530,000

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General Points of Interest

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