Located in Western Australia within the Gosnells local government area, Canning Vale is a well-populated suburb (postcode 6155). With a population of 34,504, the suburb has a blend of families and working-age professionals with a median age of 37. Households earn a median income of $118K per year, with an average household size of 3.1 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.9% year-on-year at the LGA level. WA employment has moved +1.1% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. WA also had 31 Commonwealth-backed major projects under construction, 7 underway, and 16 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, technicians & trades, clerical & administrative. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Chinese, Australian.
The median house price in Canning Vale is $822,000, having risen steeply by 18.3% over the past year. Units have a median price of $495,000 (+36.2% YoY). The current median weekly rent is $810. This gives a gross rental yield of approximately 5.1%. The median monthly mortgage repayment is $2,000.
Canning Vale is served by 8 schools, including 6 primary, 1 secondary, 1 special. The average ICSEA score is 1081, which is above the national average of 1,000. Public transport access includes 173 bus stops.
Looking at the investment signals, Gross rental yield sits at around 5.1% (high yield). Property prices are near the state median ($822K/$951K). The price-to-income ratio of 6.9x is considered moderate. House prices have moved +18.3% year-on-year. Population growth of +1.9% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.