Property investors who have had real estate in Cannington, 6107 should be relatively unhappy with this WA suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 1.74%
The five-year average increase in median property values for Cannington,6107 has given property investors a potential capital gain of 16.98% across each of those five years.
At number 85th 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.
Renters in Suburb are facing rents around $4200 per annum or $350 every week.
Giving property investors a a poor capital gain of -10.37% for the last year, Cannington, 6107 is the 1570th highest performer in Australia in this respect.
While Cannington,6107 ranked number 13th in WA for increase in median house value (annualised) increase, it is ranked 25th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Cannington is offering property investors an average of -8.65. This rate of discount on properties puts Suburb at number 90th in terms of most discounted suburbs in WA
The WA suburb of Cannington, 6107 is in the Canning local government area.
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.