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Cannington, WA 6107

Home » WA Real Estate Data » City of Canning, WA » Cannington, WA 6107

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Cannington, WA 6107 located in Perth to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

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Rent 

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Yield 

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Buy 

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Rent 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Cannington, WA 6107”

  1. The total adult population (15 years or older) of Cannington 6107 WA is 5,812, with a median age of 30. Of those, 45.23% are married, 9.89% are divorced or separated, 41.84% are single and 2.89% are widowed.

    The average household size is 2.5 people per dwelling, and the median household monthly income is estimated to be $7,156. The median monthly mortgage repayment for households in this suburb is $1,512 which is 21.13% of their earnings.

    Source: ABS Census Data (2021)

  2. Nestled in Western Australia, the suburb of Cannington 6107 is home to an estimated 3,960 households. As we enter the third quarter of 2023, we see typical house prices in Cannington listed at $485,249, with a median weekly rent rate of $464. This translates to an attractive indicative yield of 4.97% for potential investors, noticeably above the 3% minimum benchmark.

    Cannington demonstrates a strong socio-economic status with an IRSAD score of 976 out of 1,217. However, investors should pay attention to the relatively high renter to owner ratio of 56% which exceeds the ideal threshold of 30%. This suggests a market somewhat oversaturated with rental properties which could induce competition amongst property investors in the long term.

    On a positive note, the suburb presents a favourable units to houses ratio at 23%, lower than the 50% limit. This indicates less competition amongst landlords for tenants and is likely to help maintain higher rental yields. The presence of more houses than units suggests the suburb attracts a significant number of families, likely leading to longer tenancy periods.

    The affordability index for houses sits at a comfortable 27 years, below the 30-year benchmark, demonstrating high affordability among local residents.

    On the supply side, the stock on market percentage is 0.52%, neither too low nor too high, placing it within the neutral range. inventory levels for houses fall into the favourable low market supply bracket at 1.52 months, promising encouraging conditions for prospective house sellers. The building approvals ratio is 1.23%, signifying a reasonable rate of growth in new dwelling stock without oversupply.

    The suburb’s demand metrics present a mix of favourable and unfavourable conditions, with a notable high days on market at 314, indicating a slow-moving market. On the flip side, its ultra-low vacancy rate of 0.44% signals intense rental demand in the area. The buy search index for houses, however, is at a rather low 2, indicating limited buyer interest currently.

    In conclusion, while there are a few challenging conditions, Cannington’s housing market still holds potential investment prospects, particularly for cashflow-focused investors drawn by the solid yields. As always, it’s essential to consider the broader property market trends, situating these metrics within a more comprehensive analysis, such as HtAG Analytics’ Relative Composite Score which efficiently synthesises over 80 different metrics.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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