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The suburb’s capital gain of -13.48% for the past year is lower than average compared to its -7.45% growth within a five-year period.
Also in CANNINGTON, the median home price is sitting at $385,000, and the average rent at $320, this suggests property owners could potentially earn a 4.32% increase in gross rental yield.
Property investors have seen a -5.52% 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 0.8% growth over a ten-year period. It ranks 3375th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $385,000 | $335,000 |
| GROWTH REPORT | ||
| Median Quarterly | -5.52% | -2.19% |
| Median 12 month | -13.48% | -9.46% |
| Median 3 years | -18.69% | -17.64% |
| Median 5 years | -7.45% | -13.44% |
| 10 years average annual | 0.8% | -0.03% |
| Weekly media advert. rent | $320 | $315 |
| Time on Market | 77.0 days | 106.6 days |
| Gross Rental Yield Percent | 4.32% | 4.89% |
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