Suburb Profile Report for Cannington WA (6107)

Cannington House: Median price $430,000, Annual capital growth 2.38%, Number of sales 72, Weekly median advertised rent $350

Cannington Unit: Median price $355,000, Annual capital growth 1.62%, Number of sales 28, Weekly median advertised rent $330

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

Cannington is an average performer in WA when comparing median price capital growth over the last year. Cannington gave property investors a average capital gain figure when compared to the rest of the state, with -2.82%.

When looking at the potential capital gains offered to property investors over the last 3 years, Cannington comes in at number 141th in WA.

Property buyers and investors in Cannington 6107 should be seeing an average reduction in asking price of around -9.07% . This means that Cannington is holding prices well when compared to other suburbs in WA.

Using the current median advertised rental of $350 and the average annual increase in value of a median property of 2.38%, investors should hope to achieve an overall return of 4.23%

Property investors who have had real estate in Cannington, 6107 should be unhappy with this WA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -13.26%

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Cannington has increased when compared to the 5 year average annual rate.

Vendor discounting in Cannington is giving property investors an average Vendor Discount of around -6.01%. This puts suburb at number 85th in WA when ranking the most discounted suburbs.

In the last year 28 properties changed hands in Cannington, which puts it as the 57th most active market in WA when comparing the number of sales per suburb.

Advertised rents are around the $330 mark per week – giving a return of 4.83% based on the median price in Suburb

YIP MAG Information supplied by:

YIP MAG
August 2015

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Cannington is just 13km from the Perth CBD and close to both the Perth Airport and FremantleFull summary

Cannington is just 13km from the Perth CBD and close to both the Perth Airport and Fremantle.

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.
 

Close
Metrics i HOUSE UNIT
$430,000 $355,000
0.00% 1.43%
-2.82% -13.26%
2.38% 1.62%
$350 $330
72 28
4.23% 4.83%
90.13 71.2

Source: CoreLogic

DSR Score for property investment : Balanced (U), Below average (H)
Find a mortgage broker in Cannington WA
Demographics
Total population 5274
Median household income ($/weekly) 1165
Median age of persons 30
Median housing loan repayment ($/monthly) 1950
Average household size 2.4
  • Census Count Percent(%)
    20-24 years 718 13.6
    25-34 years 1462 27.7
    35-44 years 622 11.8
    45-54 years 516 9.8
    55-64 years 414 7.9
    Others 1541 29.2
    Age Group
    Census Count Percent(%)
    Not Married 2045 52.2
    Registered Married 1557 39.8
    Defacto Relationship 314 8.0
    Social Marital Status
  • Census Count Percent(%)
    Australia 1846 39.3
    Croatia 255 5.4
    Indonesia 389 8.3
    United Kingdom 236 5.0
    Other 710 15.1
    Others 1262 26.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 297 6.5
    Christianity 2251 49.3
    Hinduism 227 5.0
    Islam 654 14.3
    No Religion 969 21.2
    Others 166 3.6
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 166 9.5
    $1,000-$1,249 182 10.5
    $1,250-$1,499 170 9.8
    $1,500-$1,999 252 14.5
    $2,000-$2,499 165 9.5
    Others 804 46.2
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1602 40.0
    Not in the labour force 1320 33.0
    Employed, worked part-time 756 18.9
    Unemployed, looking for work 191 4.8
    Employed, away from work 137 3.4
    Person Characteristics
  • Census Count Percent(%)
    Professionals 484 19.4
    Technicians & trades workers 388 15.6
    Community & personal service workers 283 11.3
    Clerical & administrative workers 355 14.2
    Labourers 333 13.4
    Others 651 26.1
    Occupation
    Census Count Percent(%)
    Infants/Primary 243 19.4
    Secondary 166 13.3
    Technical or Further Educational Institution 219 17.5
    University or other Tertiary Institutions 479 38.3
    Other type of educational institution 85 6.8
    Others 59 4.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2111 45.3
    Semi-detached, row or terrace house, townhouse 1860 39.9
    Flat, unit or apartment 687 14.7
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 951 50.9
    Being purchased 482 25.8
    Fully owned 421 22.5
    Other tenure type 14 0.7
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals