Thinking about buying in Canonba? Now could not be a better time, with just 28 residential dwellings it's a highly sought after location.
Distance to the coast is 419 Km.
In Canonba there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. Low average incomes in Canonba is reflected in smaller and lower quality accommodation. Over time this may change providsing long-term returns but in the short to medium term, prices are likely to be less than state averages. Low average earnings from people in Canonba leads to lower quality housing which also negatively impacts the provision of facilities. As a consequence this area is often seen as less desirable, with lower quality of housing and slower price growth. Low population density implies low demand and limits housing choices and price increases. Could be a good entry point for first home buyers needing to somehow get into the market. With very low industrial sector presence in Canonba the focus is on lifestyle, driving specific demand around facilities, services, and open space. Most people are employed in service sectors with a higher than average proportion being able to work from home. This may incease demand over the medium term.
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|Average Properties Within 50M||1.00|
None within suburb boundary(While the above schools are located with the suburb of Canonba there may also be nearby schools whose catchments cover this suburb)
Incidents Trend State Average
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source: Australian Government Bureau of Meteorology
|21-11-2019||$339,788||2691 OLD WARREN RD CANONBA 2825|
|18-09-2019||$1,600,000||508 MERRYANBONE RD CANONBA 2825|
|23-01-2017||$388,611,259||4712 CANONBA RD CANONBA 2825|
|09-07-2013||$1,655,115||4577 CANONBA RD CANONBA 2825|
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