Suburb Profile Report for Canning Vale WA (6155)

Canning Vale House: Median price $575,000, Annual capital growth 3.79%, Number of sales 405, Weekly median advertised rent $450

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report

Investment property in Canning Vale has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -5.89%

If we look at median property appreciation over just the last three months, Canning Vale has given property investors a paper return of -2.13%. This puts Suburb as 269 on a list of fastest fasting appreciating suburbs in WA

State is the most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.15% offered to property buyers. Sellers in Canning Vale itself are offering an average vendor discount of -6.08% to real estate investors.

In the last year 405 properties changed hands in Canning Vale, which puts it as the 2nd most active market in WA when comparing the number of sales per suburb.

With the median price for a house in Canning Vale being $575000 and the advertised rent reaching $450 the gross rental yield for property investors calculates out to be 4.07%

HOUSE UNIT
$575,000 N/A
-2.13% N/A
-5.89% N/A
3.79% N/A
$450 N/A
405 N/A
4.07% N/A
81.77 N/A

Source: CoreLogic

DSR Score for property investment : Balanced (H), Above average (U)
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Demographics
Total population 30665
Median household income ($/weekly) 2022
Median age of persons 32
Median housing loan repayment ($/monthly) 2167
Average household size 3.2
  • Census Count Percent(%)
    5-14 years 4877 15.9
    25-34 years 4397 14.3
    35-44 years 5131 16.7
    45-54 years 4480 14.6
    55-64 years 2860 9.3
    Others 8920 29.1
    Age Group
    Census Count Percent(%)
    Registered Married 12534 58.8
    Not Married 7399 34.7
    Defacto Relationship 1373 6.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 14984 51.1
    Indonesia 1154 3.9
    Malta 1811 6.2
    United Kingdom 3014 10.3
    Other 2425 8.3
    Others 5954 20.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 1722 6.2
    Christianity 17190 61.8
    Hinduism 1023 3.7
    Islam 1419 5.1
    No Religion 6076 21.8
    Others 398 1.4
    Religious Affiliation
  • Census Count Percent(%)
    $1,250-$1,499 602 7.6
    $1,500-$1,999 1235 15.5
    $2,000-$2,499 1044 13.1
    $2,500-$2,999 1257 15.8
    $3,000-$3,499 833 10.5
    Others 2981 37.5
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 10386 45.6
    Not in the labour force 6126 26.9
    Employed, worked part-time 4672 20.5
    Employed, away from work 906 4.0
    Unemployed, looking for work 665 2.9
    Person Characteristics
  • Census Count Percent(%)
    Managers 1973 12.4
    Professionals 3358 21.0
    Technicians & trades workers 2506 15.7
    Clerical & administrative workers 2846 17.8
    Sales 1560 9.8
    Others 3723 23.3
    Occupation
    Census Count Percent(%)
    Pre-school 485 5.6
    Infants/Primary 3360 38.6
    Secondary 2225 25.5
    Technical or Further Educational Institution 740 8.5
    University or other Tertiary Institutions 1712 19.6
    Others 193 2.2
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 27897 98.7
    Semi-detached, row or terrace house, townhouse 273 1.0
    Flat, unit or apartment 94 0.3
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 5280 59.0
    Fully owned 2220 24.8
    Rented 1352 15.1
    Other tenure type 90 1.0
    Tenure Type
Census 2011, ABS
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