Cannington

POSTAL CODE: WA, 6107

HOUSE

UNIT

CANNINGTON ranks 67th in WA when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of 18.98% for the past year is lower than average compared to its 98.35% growth within a five-year period.

Also in CANNINGTON, the median home price is sitting at $902,500, and the average rent at $750, this suggests property owners could potentially earn a 4.32% increase in gross rental yield.

Property investors have seen a 5.56% gain in CANNINGTON based on an increase in median home prices for the past three months.

They believe that homeowners and real estate investors betting on CANNINGTON, 6107 can rest assured about this WA suburb's performance. The suburb saw median home prices rise by 18.98%.

A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 6.96% growth over a ten-year period. It ranks 2033rd on our list of suburbs that property investors should look into.

A steady increase in median property prices over a five-year period in CANNINGTON, 6107 translates to a 76.81% capital gain.

CANNINGTON, 6107 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $610,000.

Augmented property values in CANNINGTON are trailing behind the WA average of 17.3% for the past year.

Real estate investors could earn a rental income of $677.5 based on current median home prices for the suburb.

Home owners selling their properties and realtors in CANNINGTON usually have to wait an average of 20.5 days days before their assets are lifted off the market.

CANNINGTON ranks 36th on the list of best yielding suburbs for rental properties in WA, posting a 5.78% return.

CANNINGTON, 6107 places 78th in Australia based on median property value growth during the quarter.

Surburb overview

Cannington is a southern suburb of Perth, Western Australia, located approximately 11.8 kilometres southeast of the central business district. It falls within the jurisdiction of the City of Canning and is renowned for its blend of residential, commercial, and recreational amenities.

As of the 2021 Census, Cannington had a population of 6,875 residents, with a median age of 34. The suburb's diverse community includes families, professionals, and retirees.

Cannington is well-served by public transportation. Multiple Transperth bus routes operate within the suburb, connecting Perth's CBD and surrounding areas. The Cannington railway station on the Armadale Line offers residents direct access to Perth's central regions.

Cannington offers a variety of amenities. It is home to Westfield Carousel, one of Perth's largest shopping centres, featuring over 350 stores, a cinema, and diverse dining options. The Cannington Leisureplex provides indoor swimming pools, basketball courts, a gym, and a modern library. The suburb is bordered by the Canning River to the south, offering scenic spots and outdoor activities.

As of December 2024, the median house price in Cannington is approximately $565,000, with a median unit price of $445,000. The suburb has experienced growth in property values, reflecting its desirability among buyers and investors.

Cannington provides a balanced lifestyle with access to urban conveniences and community facilities. Its proximity to Perth's CBD and extensive public transport networks make it an attractive location for diverse residents.

Cannington offers a dynamic living environment with essential amenities, recreational opportunities, and convenient access to Perth's central areas, appealing to families, professionals, and retirees alike.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$902,500	$610,000
Growth Report
Median Quarterly	5.56%	-2.73%
Median 12 month	18.98%	7.68%
Median 3 years	75.24%	76.81%
Median 5 years	98.35%	118.64%
10 years average annual	6.96%	10.71%
Weekly media advert. rent	$750	$678
Time on Market	19 days	20.5 days
Gross Rental Yield Percent	4.32%	5.78%

Demographics (Median Values)*

Total Population 43605

Weekly Household Income 1469

Household Size 2.80

Average Age 32

Monthly Loan Repayment 1950

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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