Cannington

POSTAL CODE: WA, 6107
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CANNINGTON ranks 51st in WA when it comes to estimated capital gains experienced by property investors over the past three years.

The suburb’s capital gain of 19.41% for the past year is higher than average compared to its 88.84% growth within a five-year period.

This figures put the ATC suburb in the ranks of the best performing suburbs in Australia in terms of capital gains.

Also in CANNINGTON, the median home price is sitting at $812,000, and the average rent at $735, this suggests property owners could potentially earn a 4.71% increase in gross rental yield.

Property investors have seen a 6.14% 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 19.41%.

A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 5.62% growth over a ten-year period. It ranks 2926th on our list of suburbs that property investors should look into.

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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