Neil Casey
Prosperitii Property Investment Advisory - 30+ reviews (Granny Flat and Dual Occ specilaists)
Nowra, NSW+8
Sydney · Inner West
A small inner west Sydney suburb in the City of Canada Bay council area. Most homes are separate houses.
Last reviewed 24 October 2026
Market snapshot
A price estimate for Canada Bay is not shown. One of the property sites our research cited does not say where its figures come from.
Before you buy
Canada Bay is both a small suburb and the name of its council, the City of Canada Bay. The council lists over 500 heritage items and 20 conservation areas across its area, and its advice for one property is to check Schedule 5 of its 2013 Local Environmental Plan.
NSW Department of Communities and Justice bond data for the June 2026 quarter puts the median weekly rent for a new tenancy in postcode 2046, which Canada Bay shares with Five Dock and other suburbs, at $1,300 for a house, from 64 bonds, and $800 for a unit, from 132 bonds.
At the 2021 Census, 59.9% of Canada Bay homes were separate houses, 24.7% were flats or apartments and 16.7% were semi-detached or townhouses.
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Why a buyers agent
With 1,308 residents at the 2021 Census, Canada Bay is a small suburb, and one sale can move its median. A buyers agent who works the inner west finds the sales that compare to the home you want, checks the council's heritage list for the address, and negotiates or bids at auction for you.
In a suburb this small, one sale can move the median. An agent prices a home from the closest comparable sales, here and in the next suburbs.
The City of Canada Bay has over 500 heritage items. An agent checks Schedule 5 of the council's plan for each address before you bid.
At the 2021 Census, close to six in ten Canada Bay homes were separate houses. An agent tells you what the house stock looks like at your budget.
Revenue NSW charges first home buyers no transfer duty on a home up to $800,000, and a reduced amount below $1,000,000. An agent with your conveyancer checks whether the home you choose qualifies before you exchange.
Compare
| Metric | This suburbCanada Bay | NearbyDrummoyne | NearbyFive Dock | NearbyHaberfield |
|---|---|---|---|---|
| Median house | Not available | Not available | $2.25M - $3.10M | $2.80M - $3.80M |
| Median unit | Not available | Not available | $1.00M - $1.40M | $550,000 - $750,000 |
| Rental yield | Not available | Not available | 1.9% to 2.9% | 1.7% to 2.7% |
| Postcode | 2046 | 2047 | 2046 | 2045 |
Snapshot date varies by suburb; see individual suburb pages for figures.
The place
Canada Bay had 1,308 residents at the 2021 Census, with a median age of 40. It shares postcode 2046 with Five Dock.
At the 2021 Census, 67.3% of Canada Bay homes were owned outright or with a mortgage. The median weekly rent at that Census was $550 and the median monthly mortgage repayment was $3,033.
Frequently asked
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Editorial review: 24 October 2026.
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