If you compare the increase in value of investment property in Cannington, 6107 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this WA suburb was -0.12%.
Cannington,6107 has offered an average of -0.12% return per annum in house price rises to property investors over the last three years.
Cannington, 6107 ranked 59th 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
If we look at median property appreciation over just the last three months, Cannington has given property investors a paper return of 1.35%. This puts Suburb as 22 on a list of fastest fasting appreciating suburbs in WA
Advertised rents are around the $320 mark per week – giving a return of 4.44% based on the median price in Suburb
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.