Suburb brief · Canary Island VIC 3537
The thesis below links every claim to maintained evidence. Open a line item to inspect the underlying record without leaving the brief.
6.5%
5.8%
3.7%
Updated May 2026
Thesis
Canary Island VIC 3537 is summarised from maintained observations only. The call weighs market pressure, local profile, dwelling mix and risk without filling gaps from weaker substitutes.
Median household income is $2,124/wk.
Household income (median) · Updated May 2026Census median rent was $0/wk at the last Census.
Median rent (Census) · Updated May 20260 mapped local places sit within 1km.
Local places within 1km · Updated May 2026Gross yield is 6.5%, above the 4.0% income floor.
Gross yield · unit · Updated May 2026Vacancy is 3.7%, outside the tight-rental threshold.
Vacancy rate · Updated May 2026Market snapshot
$180k
What this means: Use this as the local unit-price benchmark before judging an apartment or townhouse. Compare the exact property against recent nearby sales.
$488k
What this means: Use this as the local house-price benchmark. A property well above this needs a clear land, condition, school-zone or scarcity reason.
Recent news & DA activity
No recent news or DA activity in the monitoring window. This panel follows the same monthly maintenance cadence as the rest of the report.
Nearby pockets worth watching
No adjacent pockets flagged this week. Compass watches a 3-km buffer around this suburb for similar-profile catalysts and surfaces them here when they move.
Drill-down suburb report · 69 metrics across 3 research stages
The summary above gives the read first. Open a stage below only when you want the supporting numbers and how each signal is calculated.
VIC · 3537
Overall fit
Facts only
Market fit appears when enough price, rent and demand signals exist.
This report shows 69 maintained signals. Updated May 2026.
propautopilot · Canary Island · VIC · 3537
Updated May 2026 · Not financial advice. General information only.
Compass
Your read on Canary Island
Canary Island has maintained local facts, but not enough price, rent and demand signals for an overall fit yet. 69 of 69 signals maintained.
Before you inspect
A first suburb-level screen for hazards, safety, and community signals that could change whether this area stays on your shortlist. Verify the exact address before making an offer.
4 checks
Stage 1 · Strategy
7 signals grouped into 1 profile plus 1 standalone card: 7 maintained.Numbers that set your price band, cash-flow expectations, and portfolio shape.
Stage 2 · Suburbs
47 signals grouped into 7 profiles plus 6 standalone cards: 47 maintained.The signals the Scout weighs when narrowing your shortlist.
Stage 3 · Property
15 signals grouped into 2 profiles: 15 maintained.The numbers that tell you which streets and property profiles fit your criteria.
Editorial brief
Canary Island VIC 3537 is summarised from maintained observations only. The call weighs market pressure, local profile, dwelling mix and risk without filling gaps from weaker substitutes.
The drill-down carries 69 populated metrics across 3 research stages, with thin or missing fields left explicit.
Last reviewed May 2026. Use this as the suburb screen, then confirm street, building and listing-specific facts before acting.
Other suburbs in 3537
Same-postcode suburbs often share buyer demand, rental context and local amenities, while school zones and council boundaries can still differ. Compare each brief before locking your shortlist.
Frequently asked
Canary Island is a suburb in VIC (postcode 3537).
The median house price in Canary Island VIC 3537 is $488k based on the most recent twelve-month sales record. Unit and apartment medians track separately and may sit materially below the house figure depending on the dwelling mix in the suburb.
Gross rental yield on houses in Canary Island VIC 3537 sits at 5.8% based on current rents against the prevailing median sale price. That is above the income-investor threshold most buyers use as a screening floor.
The vacancy rate in Canary Island VIC 3537 is 3.7% on the most recent observation. That is above the balanced range — tenants have choice and re-letting timeframes are longer.
Browse more suburbs
$175
What this means: Use this to sense holding comfort and tenant depth. It still needs expenses, vacancy and lending costs before it becomes a cashflow view.
3.7%
SoftWhat this means: Lower vacancy usually means tighter rental demand. Very low numbers can move quickly, so use this with rent trend and stock-on-market.
Livability