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%