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Cannington suburb profile

Cannington is a bustling suburb located approximately 10km southeast of Perth's CBD, known for its vibrant commercial hub and diverse community. The suburb is home to the popular Westfield Carousel, one of the largest shopping centres in Western Australia, offering a wide range of retail, dining, and entertainment options. Cannington's strategic location provides excellent access to public transport, including the Cannington train station, making it convenient for commuters. With a mix of residential properties, from older homes to modern apartments, Cannington attracts families, professionals, and investors looking for growth potential in a well-connected area.

Cannington property market performance

Current median dwelling price$757,500Past 3 months

Property growth+28.1%Past 12 months

Cannington’s property market has experienced significant growth over the past 12 months, with house values soaring by 27.2% and unit values increasing by 22.7%. The median house price over the past three months has averaged $810,000, while units have averaged $678,500, indicating strong demand across both property types.

Sales activity has been robust, with 23 houses and 16 units sold in the past three months. Houses are selling rapidly, with a median time on market of just 9 days, compared to 16 days for units, suggesting a highly competitive market for houses.

The rental market in Cannington has also seen notable changes, with house rents increasing by 13.3% and unit rents rising by 4.8% over the last 12 months, reflecting a strong demand for rental properties in the area.

HousesUnits
Median price
Past 3 months
$840K$675K
Change in value
Past 12 months
30.0%26.2%
Sold
Past 3 months
2218
Median days on market
Past 12 months
817
Average rent
Past 12 months
$750$665
Change in rent
Past 12 months
11.1%6.4%

5 year median price trend for houses and units

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Cannington demographics

Cannington, located in the southeastern suburbs of Perth, is a bustling area known for its vibrant community and convenient amenities. With a population of 6,875 and a median age of 30, Cannington is a youthful suburb that attracts a diverse range of residents, including young families and professionals. The suburb is well-served by public transport, making it an attractive option for those who commute to the Perth CBD or other parts of the city.

The housing landscape in Cannington is predominantly rental-based, with 58.8% of properties being rented. This high rental rate is indicative of the suburb's appeal to those seeking flexible living arrangements, such as students and young professionals. The suburb's family composition is varied, with couple families with children making up 40.7% and couple families without children accounting for 41.7%. One-parent families represent 12.3% of the community, while other family types make up 5.4%.

Cannington is known for its shopping and entertainment options, with the Westfield Carousel shopping centre being a major drawcard for residents and visitors alike. The suburb's median total household income of $1,558 per week reflects a community that enjoys a comfortable standard of living. With its mix of rental and owned properties, Cannington offers a range of housing options to suit different lifestyles and budgets, making it a dynamic and accessible suburb for many.

Suburbs near Cannington

Some popular suburbs near Cannington include:

  • Ferndale: Known for its tranquil parks and family-friendly atmosphere, Ferndale is located southwest of Cannington.
  • Lynwood: Featuring a mix of residential areas and green spaces, Lynwood is situated to the west of Cannington.
  • Wilson: Offering riverside living and a peaceful environment, Wilson lies directly north of Cannington.
  • Bentley: Known for its educational institutions and diverse community, Bentley is located to the northwest of Cannington.
  • East Cannington: Featuring a blend of residential developments and convenient transport links, East Cannington is situated directly east of Cannington.

How does Cannington compare to nearby suburbs?

  • Median house prices: Cannington’s median house price is 26.6% lower than Wilson’s.
  • Median unit prices: Cannington’s median unit price is 13.9% lower than Bentley’s.
  • House price growth: Over the past 12 months, house prices in Cannington have grown 17.7% higher than in Ferndale.
  • Unit price growth: Over the past 12 months, unit prices in Cannington have grown 9.3% higher than in Bentley.
  • Selling speed for houses: Properties in Cannington are selling 33.3% faster than in Wilson.
  • Selling speed for units: Properties in nearby Bentley are selling 35.3% faster than in Cannington.
  • Investment considerations: In Cannington, the rental yield for house is 2.1% lower than the Perth average, while the rental yield for units is 0.3% higher.
  • House price growth: Over the past 12 months, house prices in Cannington have grown 26.8% lower than the average rate of growth across Perth.
  • Unit price growth:Over the past 12 months, unit prices in Cannington have grown 7.5% lower than the average rate of growth for units across Perth.

Choose the right real estate agents in Cannington

There are 100 real estate agents in Cannington, but they don’t all deliver the same results.

Some agents have a much stronger presence in the suburb, with just 5 agents handling around 30.5% of all sales in the past year.

Commission rates in Cannington typically range from 2.15% to 3.25%. Comparing agents—including what they charge, what’s included, and how they structure their fees—is not only important when choosing an agent, the right structure can help ensure your chosen agent is motivated to achieve the best possible result.

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