Canada Bay

Canada Bay, NSW 2046 is a suburb with a small population predominantly consisting of residents in the age groups of 5 to 19 years and 45 to 64 years. The suburb offers a mix of occupation profiles with a focus on professionals, managers, and clerical and administrative workers. Residents primarily commute by motor vehicle or work from home. The suburb has a relatively high ICSEA percentile for government schools indicating educational advantage for students. For houses, Canada Bay presents itself as a suburb with high demand indicated by a low median days on market, a market absorption rate of 50%, and a high room demand to supply ratio. The suburb has shown consistent median price growth over the past years, making it attractive for long-term investment. With a high social housing ratio and a significant percentage of rented properties, the suburb may also appeal to property developers or investors interested in renovating properties. On the other hand, units in Canada Bay have a lower rental yield and affordability index, but they present an opportunity for buyers seeking lower-priced properties with potential for future value growth. Canada Bay, NSW 2046 is a diverse suburb with a mix of demographics and lifestyle preferences. For property investors, the suburb offers potential for growth and renovation opportunities, particularly in the housing market. Homeowners looking for a stable community with good educational facilities and convenient commuting options may find Canada Bay an attractive location to settle in. Sources: - proptechdata.com.au - Australian Bureau of Statistics (ABS) Census 2021 - Australian Curriculum, Assessment and Reporting Authority (ACARA) School Profiles 2022