Canada Bay vs Wareemba
Canada Bay (median $2,932,500) is roughly 1% cheaper to buy into than Wareemba ($2,960,000). Over the past year, Wareemba (+18.9%) ran 8.2 percentage points ahead of Canada Bay (+10.7%) on house-price growth.
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Canada Bay and Wareemba side by side
| Measure | Canada Bay | Wareemba |
|---|---|---|
| Price and market | ||
| Median house | $2,932,500 | $2,960,000 |
| Median unit | $477,360 | $477,360 |
| House price change, 12 months | +10.7% | +18.9% |
| Renting | ||
| House rent | $1300/wk | $1300/wk |
| Unit rent | $800/wk | $800/wk |
| Owner occupied | 67.0% | 68.0% |
| Renter occupied | 33.0% | 28.0% |
| Schools | ||
| Schools nearby | 20 | 20 |
| Average ICSEA | 1100 | 1106 |
| Lifestyle and people | ||
| Walk score | 40 | 24 |
| Transit score | 0 | 0 |
| Bike score | 100 | 100 |
| Population | 1,308 | 1,519 |
| Median age | 40 | 43 |
| Climate | ||
| Annual rainfall | 981 mm | 1036 mm |
| Mean max, January | 28.3°C | 27.7°C |
Green dot: better on that measure (lower price, higher growth, higher walkability, lower risk). Each suburb’s profile gives the source and period of its figures.
Which suits whom
Canada Bay scores higher on walkability (40/100 vs 24/100 ), useful if you're optimising for a car-light household. On school quality, the average ICSEA across schools serving Wareemba (1106) sits above Canada Bay (1100).
- For buyers
- Canada Bay is the lower entry point at $2,932,500 median, 1% below the other suburb. For first home buyers, that translates to a smaller deposit and lower stamp duty bill.
- For investors
- Investors face a yield-versus-growth split: Canada Bay delivers the better gross yield (2.31% vs 2.28%), but Wareemba has run faster on capital growth this year. The right pick depends on whether you're optimising for cash flow or capital appreciation.
- For families
- Wareemba edges out on average school ICSEA (1106 vs 1100).
Canada Bay vs Wareemba: common questions
Is Canada Bay or Wareemba cheaper to buy in?
Canada Bay has the lower median house price at $2,932,500, roughly 1% below Wareemba ($2,960,000). The gap on units is usually similar but worth checking on the full suburb profiles.
Which has stronger property growth, Canada Bay or Wareemba?
Over the past 12 months, Wareemba grew +18.9% vs +10.7% in Canada Bay, a gap of 8.2 percentage points. Twelve-month growth can swing year to year, so weight long-run trends from the individual suburb profiles before making a buy decision.
Does Canada Bay or Wareemba have better schools?
On average school ICSEA (the ACARA index that benchmarks educational advantage), Wareemba scores 1106 vs 1100 in Canada Bay. ICSEA is a school-community indicator, not a quality rating, so always check NAPLAN results and catchment boundaries for the specific address you're considering.
Which is more walkable, Canada Bay or Wareemba?
Canada Bay scores 40/100 on walkability vs 24/100. Above 70 is considered very walkable (most errands on foot), 50-69 is walkable for some errands, below 50 typically requires a car for daily life.
Which suburb has higher rental yield, Canada Bay or Wareemba?
Gross rental yield on houses is 2.31% in Canada Bay vs 2.28% in Wareemba. Gross yield equals annual rent divided by purchase price. Net yield (after strata, rates, insurance, agent fees and maintenance) typically runs 1.5-2 percentage points lower.
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