Cannington is in the bottom 20% in WA when comparing median price capital growth over the last year. Cannington gave property investors a dismal capital gain figure when compared to the rest of the state, with -11.34%.
A 16.53% growth in median value for property investors in Cannington,6107 puts this suburb at number 123th in terms of best performing suburbs in WA
State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.22% offered to property buyers. Sellers in Cannington itself are offering an average vendor discount of -8.55% to real estate investors.
Situated 10.01km from the CBD, Cannington is one of Canning localities in the postcode 6107.
Property value increases in Cannington have tracked just higher than the WA average of -4.80% over the last 12 months.
Comparing Cannington,6107 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period
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 -8.77% is being offered, which puts this WA suburb at 107th most discounted overall in Australia.
Situated 10.05km 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.