Cannington is a mid-sized suburb in Western Australia within the Canning local government area (postcode 6107). With a population of 6,875, the suburb has a young professional demographic with a median age of 30. Households earn a median income of $81K per year, with an average household size of 2.5 people. The most common occupations are professionals, community & personal service, technicians & trades. The top ancestries reported are Chinese, English, Australian.
The median house price in Cannington is $600,000, having surged 17.9% over the past year. Units have a median price of $411,000 (+8.2% YoY). The current median weekly rent is $610. This gives a gross rental yield of approximately 5.3%. The median monthly mortgage repayment is $1,512.
Cannington is served by 3 schools, including 1 secondary, 1 combined, 1 special. The average ICSEA score is 977, which is around the national average of 1,000. Public transport access includes 2 rail stations, 2 ferry wharfves, 31 bus stops. Healthcare facilities include 1 private hospital.
From an investment perspective, Cannington offers a gross rental yield of 5.3%, rated as high yield. Property prices sit below the state median ($600K/$951K), suggesting a potential value opportunity. The price-to-income ratio of 7.4x is considered moderate. House prices have moved +17.9% year-on-year.
Cannington is a mid-sized suburb in Western Australia within the Canning local government area (postcode 6107). With a population of 6,875, the suburb has a young professional demographic with a median age of 30. Households earn a median income of $81K per year, with an average household size of 2.5 people. The most common occupations are professionals, community & personal service, technicians & trades. The top ancestries reported are Chinese, English, Australian.
The median house price in Cannington is $600,000, having surged 17.9% over the past year. Units have a median price of $411,000 (+8.2% YoY). The current median weekly rent is $610. This gives a gross rental yield of approximately 5.3%. The median monthly mortgage repayment is $1,512.
Cannington is served by 3 schools, including 1 secondary, 1 combined, 1 special. The average ICSEA score is 977, which is around the national average of 1,000. Public transport access includes 2 rail stations, 2 ferry wharfves, 31 bus stops. Healthcare facilities include 1 private hospital.
From an investment perspective, Cannington offers a gross rental yield of 5.3%, rated as high yield. Property prices sit below the state median ($600K/$951K), suggesting a potential value opportunity. The price-to-income ratio of 7.4x is considered moderate. House prices have moved +17.9% year-on-year.