The suburb’s capital gain of 0% for the past year is lower than average compared to its 11.11% growth within a five-year period.
Also in CANNINGTON, the median home price is sitting at $430,000, and the average rent at $340, this suggests property owners could potentially earn a 4.11% increase in gross rental yield.
Property investors have seen a -1.71% drop in CANNINGTON based on a decrease in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 2.09% growth over a ten-year period. It ranks 2993rd on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||0%||-8.64%|
|Median 3 years||-2.27%||-8.07%|
|Median 5 years||11.11%||9.14%|
|10 years average annual||2.09%||1.46%|
|Weekly media advert. rent||$340||$320|
|Time on Market||85.1 days||85.5 days|
|Gross Rental Yield Percent||4.11%||4.5%|