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 decrease in value by -2.10%
Cannington,6107 was ranked 1019 in Australia by increase in median property value over the quarter.
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 -7.88% is being offered, which puts this WA suburb at 677th most discounted overall in Australia.
On average over the past year, suburb has had 5.08 sales per month, which equates to 61 per year.
Property investors should expect to get $360 weekly from the median priced house in this suburb.
Cannington, 6107 ranked 30th in WA when comparing growth in median property values or capital gain over the last 12 months. Cannington is one of 1662 in our list for WA
When looking at the potential capital gains offered to property investors over the last 3 years, Cannington comes in at number 34th in WA.
State is the 2nd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -8.81% offered to property buyers. Sellers in Cannington itself are offering an average vendor discount of -9.75% to real estate investors.
Cannington is 68th on a list of best yielding suburbs for rents in WA with a 5.25% return
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Cannington is just 13km from the Perth CBD and close to both the Perth Airport and Fremantle.
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.