Investment property in Cannington has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -7.53%
If we look at median property appreciation over just the last three months, Cannington has given property investors a paper return of 0.00%. This puts Suburb as 136 on a list of fastest fasting appreciating suburbs in WA
At number 94th of WA’s most discounted properties, Cannington is in the bottom 30% of the state/territory when listing in order of most discounted to least.
Using the current median advertised rental of $350 and the average annual increase in value of a median property of 2.58%, investors should hope to achieve an overall return of 4.23%
Investment property in Cannington has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -14.48%
Taking the average capital gain, or increase in median house value, Cannington,6107 has racked up an average of -14.48% over the period. This ranks it number 1618th in the whole country for real estate investors looking at median house price increases.
The most recent median price for Cannington is $350000, with sellers offering an average of -5.99% off the asking price.
Cannington is 28th on a list of best yielding suburbs for rents in WA with a 5.05% return
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.