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City of Boroondara

Canterbury

Canterbury Property Market
& Suburb Profile

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MEDIAN PRICES IN CANTERBURY

Median house price

(all agencies, last 12 months)$3.7m*

House price change

(all agencies, last 12 months)+10.94%

Median unit price

(all agencies, last 12 months)$1.2m*

Unit price change

(all agencies, last 12 months)+24.86%

(Median House Price and Median Unit Price is calculated based on sales of properties with all numbers of bedrooms)

CANTERBURY price TRACKER

HousesUnits

Canterbury sales overview

  • Sold by Auction 64%
  • Sold by Private Sale or Other Method 36%
  • (Based on Sales Reported in the Last 12 Months)

Average days on market (houses)

(all agencies, 12 months)27

Average days on market (units)

(all agencies, 12 months)26

Auction clearance rate in Canterbury

(all agencies, last 12 months)63%

Average held period in Canterbury

(proptrack)14 years

Canterbury Investor Statistics

Median rental price for Houses

(all agencies, last 12 months)$1,190pw

House rental price change

(all agencies, last 12 months)-0.01%

Median rental price for Units

(all agencies, last 12 months)$731pw

Unit rental price change

(all agencies, last 12 months)0.05%

Average rental yield for Houses

(all agencies, last 12 months)2.01%

Average rental yield for Units

(all agencies, last 12 months)3.83%

Canterbury total population size

(as at the last census)7,800

Median household size in Canterbury

(as at the last census)2.7

(Median House Price and Median Unit Price is calculated based on leased properties with all numbers of bedrooms)

Canterbury property types

  • Houses 48%
  • Units 19%
  • Other 33%

OCCUPANCY in Canterbury

  • Owned 78%
  • Rented 19%
  • Other/Not Stated 3%
  • Singles 21%
  • Families 77%
  • Other 2%

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About Canterbury

Canterbury is a highly esteemed and historically rich inner-eastern suburb, located approximately 10 kilometres east of the Melbourne CBD, synonymous with prestige, elegance, and an exceptionally high quality of family life.

The suburb is renowned for its grand, leafy avenues and majestic residential character, featuring some of Melbourne's most magnificent and well-preserved Federation and Edwardian mansions set on large allotments, attracting established, affluent families and discerning professionals.

The lifestyle is one of refined community, largely centered on the charming Maling Road Village, a protected heritage shopping precinct that offers an array of high-end boutiques, specialty food stores, and sophisticated cafes, creating a strong, cohesive local atmosphere.

Education is a cornerstone of its appeal, with the area benefiting from numerous elite private schools nearby and highly regarded public institutions, which guarantees continuous, strong demand and significantly underpins property values.

Connectivity is superb for commuters, with two train stations, Canterbury and East Camberwell, on the Belgrave/Lilydale line, providing a direct and efficient rail link to the city, supplemented by tram routes along Canterbury Road.

For investors and buyers, Canterbury represents a secure, blue-chip market where the scarcity of premium housing, enduring prestige, superior amenity, and excellent transport links ensure robust long-term capital growth and competitive rental yields for its luxury property stock.

Education

Camberwell Girls Grammar School
Camberwell Grammar School
Camberwell High School
Canterbury Girls Secondary College
Canterbury Primary School
Strathcona Baptist Girls' Grammar
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Canterbury MARKET INSIGHTS

YearProperties SoldMedian Sale Price
(All Residential)
Sales Growth YoYProperties LeasedMedian Rental Price
(All Residential)
Rental Yield
2025150$2,456,50010.94%138$961pw2.92%
2024172$2,051,250-7.14%137$939pw2.88%
2023128$2,256,2504.73%161$950pw2.85%
2022141$2,151,750-4.59%187$846pw2.56%
2021154$2,261,25024.34%166$750pw2.19%
YearSoldMedian Sale Price
(All Residential)
Sales Growth YoY
2025150$2,456,500+10.94%
2024172$2,051,250-7.14%
2023128$2,256,250+4.73%
2022141$2,151,750-4.59%
2021154$2,261,250+24.34%

YearLeasedMedian Rental Price
(All Residential)
Rental Yield
2025138$961pw2.92%
2024137$939pw2.88%
2023161$950pw2.85%
2022187$846pw2.56%
2021166$750pw2.19%

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NEWS & INSIGHTS

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*The State of Victoria owns the copyright in the property sales data and reproduction of that data in any way without the consent of the State of Victoria will constitute a breach of the Copyright Act 1968 (Cth).The State of Victoria does not warrant the accuracy or completeness of the licensed material and any person using or relying upon such information does so on the basis that the State of Victoria accepts no responsibility or liability whatsoever for any errors, faults, defects or omissions in the information supplied.

This information is supplied by Barry Plant Group Pty Ltd (ABN 96 088 069 952) on behalf of PropTrack Pty Ltd (ABN 43 127 386 298).

The 12 month data in this report is from 31 October 2024 to 31 October 2025, last updated 31 October 2025.