If you compare the increase in value of investment property in Cannington, 6107 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this WA suburb was 6.05%.
When looking at the potential capital gains offered to property investors over the last 3 years, Cannington comes in at number 51th in WA.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Cannington, 6107. Typically our figures indicate that -8.95% is being offered, which puts this WA suburb at 444th most discounted overall in Australia.
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 -8.02%
If we look at median property appreciation over just the last three months, Cannington has given property investors a paper return of -1.06%. This puts Suburb as 53 on a list of fastest fasting appreciating suburbs in WA
Vendor discounting in Cannington is giving property investors an average Vendor Discount of around -6.40%. This puts suburb at number 85th in WA when ranking the most discounted suburbs.
On average over the past year, suburb has had 3.33 sales per month, which equates to 40 per year.
Using the current median advertised rental of $320 and the average annual increase in value of a median property of 1.55%, investors should hope to achieve an overall return of 4.47%
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.