Over the last year, property investments in Cannington, 6107 have given investors a capital gain of -9.47%. This compares badly with the -4.98% for WA as a whole.
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 139 on a list of fastest fasting appreciating suburbs in WA
Cannington, 6107 is offering WA ‘s 129th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 30% of discounts offered by this WA.
Using the current median advertised rental of $350 and the average annual increase in value of a median property of 2.92%, investors should hope to achieve an overall return of 4.23%
Cannington is in the bottom 40% in WA when comparing median price capital growth over the last year. Cannington gave property investors a disappointing capital gain figure when compared to the rest of the state, with -7.41%.
While Cannington,6107 ranked number 93th in WA for increase in median house value (annualised) increase, it is ranked 54th over the last 5 years.
State is the 2nd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.20% offered to property buyers. Sellers in Cannington itself are offering an average vendor discount of -7.06% to real estate investors.
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.