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Canada Bay, NSW 2046
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$2,685,000
list-price estimate
Median Unit
$1,090,000
list-price estimate
Gross Yield (houses)
1.7%
1yr Growth (houses)
+5.9%
market range -7.5% to +10.0%
Investment snapshot for Canada Bay
Canada Bay has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Canada Bay market and investor summary
In Canada Bay, NSW 2046, houses show a gross rental yield of 1.7%. House prices have moved +5.9% over the past year and +16.2% over three years. At 2.4% vacancy, it is a broadly balanced rental market.
For an investor, this reads as a capital-growth market more than a cashflow one. A gross house yield around 1.7% will not cover holding costs in the early years, so the case leans on price appreciation. If you are weighing units rather than houses, a pipeline of new approvals is worth watching as future supply that can hold back apartment price and rent growth. Houses also take time to sell, around 105 days on market, so plan for a slower exit if you ever need one.
Living in Canada Bay: people, income and schools
Canada Bay is home to around 1,308 people, a number that has held fairly steady over five years. The median age is 40, skewed a little older, and families account for 78% of households.
Households here earn a median of about $129,000 a year, or roughly $2,470 a week. On socio-economic measures it ranks among the most advantaged in the country (10 out of 10 on the ABS advantage index). Locally, around 30% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.
There are 78 schools within about 5km, and they test well above the national school average on ICSEA, a draw for education-focused families. It is roughly 11 km from the CBD. Some errands can be done on foot, though a car still helps; the suburb scores 62 for walkability out of 100. Fixed broadband is delivered over the NBN's Fibre to the Curb.
- Population
- 1,308
- +1% over 5yr
- Median age
- 40 years
- Median household income
- $129,000/yr
- Households renting
- 33%
- Family households
- 78%
- Socio-economic rank
- 10/10
- ABS advantage index
- Schools within 5km
- 78
- avg ICSEA 1114
- Unemployment
- 2.8%
- Distance to CBD
- 11 km
- Walk score
- 62/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Canada Bay
View all →Frequently asked questions about Canada Bay
What should I check before investing in Canada Bay?
Canada Bay has enough public data for first-pass screening across yield, vacancy, price and supply signals. Capital growth of +5.9% in the past year shows positive recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What rental yield does Canada Bay show?
The gross rental yield in Canada Bay is 1.7% for houses and 3.5% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Canada Bay?
House prices in Canada Bay are up 5.9% over the past year and up 16.2% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Canada Bay?
The current vacancy rate in Canada Bay is 2.4%. A rate under 2% generally signals a tight rental market. This suburb's rental market is balanced, favouring neither landlords nor tenants strongly.
How many people live in Canada Bay?
Canada Bay has a population of approximately 1,308 residents, with a median age of 40.
What schools are near Canada Bay?
There are 78 schools within roughly 5km of Canada Bay. Their average ICSEA sits well above the national mean of 1000, which points to a more advantaged school catchment. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Canada Bay's population growing?
The population of Canada Bay has held roughly flat over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Canada Bay from the CBD?
Canada Bay is about 11 km from the CBD.
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