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East Cannington, WA 6107

Home » WA Real Estate Data » City of Canning, WA » East 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 East 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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Yield 

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Buy 

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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 “East Cannington, WA 6107”

  1. The total adult population (15 years or older) of East Cannington 6107 WA is 5,144, with a median age of 31. Of those, 53.13% are married, 8.40% are divorced or separated, 35.85% are single and 2.59% are widowed.

    The average household size is 2.9 people per dwelling, and the median household monthly income is estimated to be $7,876. The median monthly mortgage repayment for households in this suburb is $1,733 which is 22.00% of their earnings.

    Source: ABS Census Data (2021)

  2. The prominent suburb of East Cannington 6107, situated in Western Australia, is populated by an estimated 2,755 households. By the third quarter of 2023, the typical house prices in this area have been recorded at $547,602, with the median weekly rent standing at approximately $460. This rental value subsequently results in a commendable indicative yield of 4.37%, presenting enticing potential for property investors drawn to cash-flow oriented markets.

    East Cannington 6107 demonstrates a reputable socio-economic score with an IRSAD rating of 989 out of a possible 1217. This suggests that the population in the area has above-average access to economic resources, exhibits relatively high income levels, and features skilled professionals.

    The suburb maintains a renter to owner ratio of 40%, which, while higher than the ideal 30% or below, is not in the critical zone of 45% and higher. Resultantly, although the risk and competition in the market are somewhat increased, it doesn’t reach questionable investment levels.

    The units to houses ratio in East Cannington stands low at 11%, indicating a property market where competition for tenants among landlords is minimal; thereby enhancing the opportunity for maintaining higher rental yields. This low percentage points to fewer units and more houses, a combination that often attracts families who generally secure longer tenancy periods.

    The affordability index for this suburb comes in at an attractive 27 years, comfortably under the threshold (31 years) that would indicate decreased affordability. It suggests a market with high affordability among its residents, highlighting a propitious property market environment for buyers or investors.

    For those eyeing supply metrics, East Cannington 6107 comes out shining with a stock on market percentage of 0.3% and an inventory level of 0.9 months. These values contribute to a picture of a successful, low supply market, that is capable of absorbing new listings quite effectively.

    The building approvals ratio for houses stands at 0.84%, suggesting low supply conditions, which is favourable for market stability. Meanwhile, the days on market (DOM) for houses is reasonably positioned at 44 days, echoing a demand level that leans towards the higher end of the scale.

    Furthermore, the vacancy rate, combined for both houses and units, sits at a desirable low of 0.45%, indicating considerably high demand in the area. Finally, the buy search index for houses in the area is 4, showcasing sustained interest from potential buyers or investors.

    Understanding these property market dynamics in East Cannington 6107 underlines the merit of investment opportunities in the area. As always, continuous monitoring of the market and its trends is key to reaping substantial benefits in property investment. The Relative Composite Score (RCS), as devised by HtAG Analytics, conveniently automates this market research process across over 80 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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