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Suburb Insights ยท NSW 2046

Canada Bay 2046, New South Wales

ABS 2021 Census ยท Updated 31 March 2026

Suburb Overview

Canada Bay is a well-established middle-ring suburb of Sydney, Australia, with a population of approximately 1,308, making it a boutique locality. Located approximately 9 km from the Sydney CBD, Canada Bay is a middle ring area in New South Wales. The median household income is $128,596 AUD per year (ABS 2021 Census).

Investment Score

75 / 100 Good

Canada Bay benefits from a high-income resident base, supporting premium property pricing. Its proximity to the CBD adds a strong location premium.

Location

Map shows Canada Bay, New South Wales, Australia.

Key Indicators

Postcode
2046

Official Australia Post postcode for Canada Bay. A postcode may cover multiple suburbs.

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Population
1,308

Usual resident population at census night. Source: ABS 2021 Census of Population and Housing.

ABS Census Data โ†’
Median Rent (weekly)
$550/wk

Weekly median rent for occupied private dwellings. Source: ABS 2021 Census. Live rental data integration coming soon.

State Rental Authority โ†’
Median Household Income
$128,596/yr

Annual median household income (before tax) for all households. Source: ABS 2021 Census.

ABS Census Data โ†’
Distance to CBD
9 km

Straight-line distance from the suburb centroid (ABS 2021 SAL geography) to the nearest capital city CBD. Actual driving distance will be longer.

Lifestyle & Amenities

Schools nearby
1

Estimated 1 school within or near this suburb based on ABS 2021 data.

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Parks & green spaces
1

Estimated 1 park and green spaces near this suburb. Source: ABS 2021 data.

Median Mortgage (monthly)
$3,033/mo

Monthly median mortgage repayment for households currently paying off a mortgage. Source: ABS 2021 Census.

ABS Census Data โ†’
Dwelling Type
55% houses

Proportion of separate houses vs units, townhouses, and other dwelling types. Source: ABS 2021 Census. Relevant for investors assessing rental demand mix.

ABS Census Data โ†’

Investment Insight

Canada Bay's middle-ring location balances affordability with accessibility. These suburbs often benefit from established infrastructure, good schools, and transport links โ€” making them attractive to families and long-term tenants. The median rent of $550/week (ABS 2021) indicates a mid-range rental market. Owner-occupiers face a median mortgage repayment of $3,033/month. A median household income of $128,596/year supports premium property values and indicates a well-employed resident base.

Investment Strategy

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Buy & Hold

With robust local demand and income levels, Canada Bay is a natural candidate for patient investors.

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Rental Yield

Rental returns in Canada Bay are attractive relative to purchase prices, supporting positive cash flow.

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Renovation / Flip

The resale market in Canada Bay may not support quick-turnaround renovation projects.

Risk Factors

Run the numbers on a Canada Bay property

Full Property Analysis

30-year projections for Canada Bay

Scenario comparison, cash flow analysis, tax modelling, and PDF export โ€” all in one place.

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2026 Outlook

Growth: Strong Rental Demand: Moderate Investor Sentiment: Strong

Canada Bay is well-positioned for continued price appreciation through 2026, underpinned by high household incomes and location appeal. The rental market in Canada Bay should see steady occupancy, with moderate upward pressure on rents. Confidence in Canada Bay's medium-term prospects is reflected in sustained buyer interest.

Frequently Asked Questions

Is Canada Bay a good suburb for investment?

Canada Bay is a middle ring area in New South Wales with a population of 1,308. The median rent is $550/week and the median household income is $128,596/year (ABS 2021 Census). As with any property investment, conduct thorough due diligence on current listings, vacancy rates, and local infrastructure plans before committing.

What drives property demand in Canada Bay?

Key demand drivers in Canada Bay include established amenities and transport access. 55% of dwellings are separate houses. The area has approximately 1 schools and 1 parks nearby.

What is the population of Canada Bay?

According to the ABS 2021 Census, Canada Bay has a population of approximately 1,308. For historical population trends and intercensal estimates, visit the ABS Census Data Explorer at abs.gov.au.

How far is Canada Bay from the Sydney CBD?

Canada Bay is approximately 9 km straight-line distance from the Sydney CBD (calculated from ABS 2021 suburb centroid coordinates). This close proximity means excellent access to employment, dining, and entertainment.

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