Canterbury

Canterbury, located about 10 km east of Melbourne’s Central Business District, is part of the City of Boroondara. This affluent suburb is renowned for its historic homes, leafy streets, and prestigious atmosphere, making it one of Melbourne’s most sought-after residential areas.

Demographic Profile

• Population: According to the 2021 census, the population of Canterbury was 7,800.
• Predominant Age Group: Attracts a mix of older, established families and professionals. It’s particularly popular among the 40-60 age group.
• Median Household Income: Significantly higher than the Melbourne average, indicative of the suburb’s affluence.
• Occupancy: Predominantly owner-occupied properties with a lower rate of rentals.

Real Estate and Growth

• Median House Prices: Canterbury is known for its luxury real estate market, with the median house price typically exceeding AUD 2,500,000.
• Median Unit Prices: Units and apartments, though less common, average around AUD 1,000,000.
• Rental Market: The median rent for houses is about AUD 800 per week, while for units, it’s around AUD 450 per week.
• Market Trends: The suburb has a reputation for strong and stable property values, buoyed by its prestige and limited supply of homes.

Education and Lifestyle

• Schools: Home to some of Melbourne’s most prestigious schools, including Canterbury Primary School, Camberwell High School, and several private institutions.
• Local Vibe: Known for its quiet, tree-lined streets and historic architecture, offering a serene and upscale living experience.
• Community Insights: Highly valued for its safety, exclusivity, and beautifully maintained gardens and public spaces.

Transportation

• Public Transport: Well-serviced by the Canterbury train station and several tram routes, providing easy access to the CBD and surrounding suburbs.
• Accessibility: Convenient access to major roads like Canterbury Road and the Eastern Freeway.

Notable Features

• Heritage Sites: Features many heritage-listed properties and streetscapes, preserving its historical charm.
• Recreational Areas: Boasts several well-maintained parks and gardens, including Canterbury Gardens and Maling Road shopping village, known for its quaint shops and cafes.

Canterbury is a prestigious and historic suburb, offering an exclusive lifestyle with its grand homes, elite schools, and tranquil streetscapes. Its strong community spirit, proximity to the city, and high-quality amenities make it a highly desirable place to live for those seeking an upscale suburban experience in Melbourne.