Cannington is approximately 10km from the Perth CBD, with around 1742 homes in the area. Although the number of homes in the area is near 2000, the average annual turnover of property is only 65 making Cannington a Niche Marketplace.
With the close proximity to Perth City, and local amenities like Westfield Carousel, Cannington Leisureplex & multiple Train Stations this location is highly sought after by first home buyer, investors and developers. Most of the land in the area has already been developed, but with a few remaining sites big enough, developers snap them up quickly when they become available. With nearly 50% of the properties in the area being investment properties or rentals, it is easy to see that Cannington provides great return on investments with high success with tenancy agreements.
Cannington has access to some of the best shopping and facilities South of the Swan River, with numerous commercial and retail shops stretching along Albany Highway from Bentley Through to Beckenham.
With the average selling price in Cannington sitting at $426,000 (Dec 11′), with all the available amenities and facilities surrounding the suburb, it is no wonder why it is such a highly sought after place to live.
Approximate growth for Cannington over the past 10 years to 2012 has been 9.82% per annum.