Cannington has had a quite poor year for property investment returns compared to the rest of WA, giving investors a capital gain of -10.42% to date .
Taking the average capital gain, or increase in median house value, Cannington,6107 has racked up an average of -10.42% over the period. This ranks it number 3139th in the whole country for real estate investors looking at median house price increases.
Vendor discounting in Cannington is giving property investors an average Vendor Discount of around -8.16%. This puts suburb at number 135th in WA when ranking the most discounted suburbs.
Renters in Suburb are facing rents around $4500 per annum or $375 every week.
Over the last year, property investments in Cannington, 6107 have given investors a capital gain of 3.81%. This compares favourably with the -3.39% for WA as a whole.
While Cannington,6107 ranked number 31th in WA for increase in median house value (annualised) increase, it is ranked 27th over the last 5 years.
Cannington6107 is located in WA which offers an average discount of -7.52% to property investors. Cannington itself is showing figures that indicate -8.61% is the average achievable by property buyers investing in the suburb.
On average over the past year, suburb has had 2.92 sales per month, which equates to 35 per year.
Situated 10.06km from the CBD, Cannington is one of Canning localities in the postcode 6107.
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.