Property value increases in Cannington have tracked higher than the WA average of -3.96% over the last 12 months.
Cannington,6107 has offered an average of 3.49% return per annum in house price rises to property investors over the last three years.
Vendor discounting in Cannington is giving property investors an average Vendor Discount of around -9.01%. This puts suburb at number 103th in WA when ranking the most discounted suburbs.
In the last year 67 properties changed hands in Cannington, which puts it as the 179th most active market in WA when comparing the number of sales per suburb.
Situated 10.08km from the CBD, Cannington is one of Canning localities in the postcode 6107.
Over the last year, property investments in Cannington, 6107 have given investors a capital gain of -12.20%. This compares very badly with the -4.19% for WA as a whole.
Taking the average capital gain, or increase in median house value, Cannington,6107 has racked up an average of -12.20% over the period. This ranks it number 1602th in the whole country for real estate investors looking at median house price increases.
Property buyers and investors in Cannington 6107 should be seeing an average reduction in asking price of around -6.95% . This means that Cannington is holding prices well when compared to other suburbs in WA.
Cannington, 6107’s gross rental yield is 4.77%
Cannington is just 13km from the Perth CBD and close to both the Perth Airport and FremantleFull summary
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Cannington is just 13km from the Perth CBD and close to both the Perth Airport and Fremantle.Close
Transport to all these areas is relatively easy, thanks to the suburb’s proximity to major roads (such as the Albany Highway) and the Cannington, Beckenham and Queens Park railway stations.
Within the suburb is one of Perth’s largest shopping complexes, Westfield Carousel.
Cannington is also not far from Bentley Hospital, Curtin University and quality schools.
This suburb is therefore popular with a wide demographic, including families, professionals and students.
It also helps that it’s generally green and serene.
Even though there a few areas that are somewhat affected by aircraft noise, this is something many residents are not too concerned about.
This year, a plan was put forward for a proposed third runway and a new terminal, potentially creating many more employment opportunities for the area.
Perth Airport already provides 17,800 jobs and contributes $2.61bn to the gross regional product of WA.
There are also industrial areas nearby in suburbs such as Welshpool and Kewdale which provide excellent opportunities for Cannington’s residents.
Houses on Crawford Street are close to buses, trains, Westfield Carousel and Curtin University.
Three-bedroom houses can be bought there for less than $500,000.