Canning Vale

POSTAL CODE: WA, 6155

HOUSE

UNIT

A steady increase in median property prices over a five-year period in the suburb translates to a 51.82% capital gain.

It also 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 $1,040,000

The augmented property values in the suburb are trailing above the territorial average of 13.93% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $800.

Home owners selling their properties and realtors in CANNING VALE usually have to wait an average of 27.8 days days before their assets are lifted off the market.

The WA suburb ranks 261st on the list of best yielding suburbs for rental properties in WA, posting a 4% return.

It also places places 141st in Australia based on median property value growth during the quarter.

Property investors enjoyed capital gains of 13.73% over the last 12 months in CANNING VALE, translating to lower returns compared with its peers in WA.

A survey of average capital gains or median home price increase in suburbs across the country shows that CANNING VALE, 6155 obtained a 10.79% growth over a ten-year period. It ranks 1650th on our list of suburbs that property investors should look into.

CANNING VALE, 6155 has a capital gain of 13.73% for the past year, which is lower than average compared to its 103.33% growth within a five-year period.

With the median home price in CANNING VALE sitting at $671,000, and the average rent at $667.5, property owners could potentially earn a 5.17% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in CANNING VALE are low, as opposed to average gains per annum over the past five years.

CANNING VALE, 6155 in WA belongs to the local government area of Gosnells.

Surburb overview

Canning Vale, situated approximately 17.5 kilometres southeast of Perth's central business district, is a suburb within the jurisdictions of the City of Canning and the City of Gosnells. The area encompasses residential estates and industrial zones, reflecting its diverse land use.

According to the 2021 Census, Canning Vale had a population of 35,504 residents. The suburb exhibits significant cultural diversity, with 28.6% of the population identifying as having Chinese or Indian ancestry. The median age of residents is 34 years, indicating a relatively young demographic.

Public transportation in Canning Vale is serviced by several Transperth bus routes, including the 206, 207, 208, and 930, providing connections to Murdoch, Thornlie, and Cannington train stations. The nearest bus station is Bannister Road, after Magnet Road, approximately a 2-minute walk from central locations in the suburb.

Essential services in the area include medical centres, educational institutions, and retail outlets. Market City, a prominent wholesale fresh produce market, operates within the suburb's industrial precinct. The Perth Hindu Temple and various community centres also cater to residents' cultural and spiritual needs.

Several parks and reserves support recreational activities. Central Park Avenue Reserve offers open grassed areas suitable for various outdoor activities. Boardman Road Park provides walking and running tracks, accommodating fitness enthusiasts. For indoor recreation, the Kart Centre and Triassic Fun Park offer entertainment options for families and individuals.

Canning Vale's blend of residential, industrial, and recreational spaces contributes to its role as a multifaceted suburb within the Perth metropolitan area.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,040,000	$671,000
Growth Report
Median Quarterly	5.85%	0.83%
Median 12 month	14.66%	13.73%
Median 3 years	51.82%	78.93%
Median 5 years	85.71%	103.33%
10 years average annual	6.1%	10.79%
Weekly media advert. rent	$800	$668
Time on Market	27.8 days	14.1 days
Gross Rental Yield Percent	4%	5.17%

Demographics (Median Values)*

Total Population 51244

Weekly Household Income 2007

Household Size 3.10

Average Age 36

Monthly Loan Repayment 2037

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

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