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Canadian suburb profile

Canadian is a picturesque suburb located in the eastern part of Ballarat, Victoria, known for its natural beauty and serene environment. It offers a peaceful residential setting with a mix of modern homes and established properties, making it appealing to families and retirees. The suburb is surrounded by lush greenery, including the Canadian State Forest, which provides ample opportunities for outdoor activities and nature walks. Canadian's proximity to Ballarat's city centre ensures residents have easy access to shopping, dining, and educational facilities. Its tranquil atmosphere and community-focused lifestyle make Canadian a desirable place to call home.

Canadian property market performance

Current median dwelling price$520,812.5Past 3 months

Property growth+17.6%Past 12 months

Canadian’s property market has experienced notable growth over the past 12 months. House values have surged by 14.1%, with the current median house price reaching $621,625. Although unit values have increased by 17.4%, the median unit price remains unavailable, indicating limited data or sales activity in this segment.

Sales activity has been moderate, with 28 houses and 6 units sold over the last 12 months. Houses are selling quickly, with a median of 23 days on the market, while unit data is insufficient to determine market trends.

The rental market in Canadian has seen slight increases, with house rents rising by 1.2% and unit rents by 1.3% over the past year. The average rent for houses is $420, while units average $380, reflecting stable demand in the rental sector.

HousesUnits
Median price
Past 3 months
$612K$430K
Change in value
Past 12 months
16.4%18.8%
Sold
Past 3 months
2310
Median days on market
Past 12 months
21N/A
Average rent
Past 12 months
$420$385
Change in rent
Past 12 months
N/A2.7%

5 year median price trend for houses and units

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Canadian demographics

Canadian, a suburb located in the regional city of Ballarat, Victoria, offers a blend of suburban tranquility and proximity to urban amenities. With a population of 4,098, Canadian is characterized by a balanced demographic, with a median age of 37, reflecting a mix of young families, professionals, and established residents. The suburb's appeal lies in its family-friendly environment, with 39.3% of households being couple families with children, and 40.2% being couple families without children, indicating a strong community focus on family life.

The housing landscape in Canadian is diverse, with a significant portion of properties owned outright (28.3%) or with a mortgage (36.4%), suggesting a stable residential base. Additionally, 35.3% of properties are rented, providing options for those seeking flexibility or temporary accommodation. This mix of ownership and rental properties caters to a variety of lifestyle preferences, from long-term residents to newcomers exploring the area.

Canadian's median total household income of $1,438 per week reflects the suburb's economic diversity, supporting a range of occupations and industries. The presence of one-parent families, making up 18.4% of the community, highlights the suburb's inclusive nature, accommodating different family structures. With its combination of natural beauty, community spirit, and access to Ballarat's educational and employment opportunities, Canadian offers a well-rounded lifestyle for its residents.

Suburbs near Canadian

Some popular suburbs near Canadian include:

  • Golden Point: Known for its historical significance and charming residential streets, Golden Point is located directly west of Canadian.
  • Bonshaw: Featuring new housing developments and open spaces, Bonshaw is situated to the south of Canadian.
  • Eureka: Famous for its rich history and community spirit, Eureka lies to the north of Canadian.
  • Ballarat East: Offering a mix of heritage homes and modern amenities, Ballarat East is located to the northwest of Canadian.
  • Bakery Hill: Known for its vibrant atmosphere and proximity to the city center, Bakery Hill is situated to the west of Canadian.

How does Canadian compare to nearby suburbs?

  • Median house prices: Canadian’s median house price is 9.5% higher than Golden Point’s.
  • House price growth: Over the past 12 months, house prices in Canadian have grown 6.5% higher than in Golden Point.
  • Unit price growth: Property prices in nearby Ballarat East have risen 2.3% more than in Canadian over the past year.
  • Selling speed for houses: Properties in Canadian are selling 41.7% faster than in Golden Point.

Choose the right real estate agents in Canadian

Currently, there are 64 real estate agents working in Canadian—but not all agents deliver the same results. The right agent could make a huge difference to your final sale price.

Only 5 out of these 64 agents sold 25.9% of all properties in Canadian over the past year. Choosing one of these top-performing agents means tapping into proven expertise for a better sale outcome.

Real estate agents in Canadian typically charge a commission of 2.13% to 3.25%. Negotiating a fair commission rate and the right structure can motivate your agent to work even harder, helping you sell for more and potentially saving you thousands of dollars.

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