City of Canning, Perth, WA
The City of Canning is one of Perth’s most compelling growth precincts. It is projected to become home to an extra 35,000 people over the next 20 years and is attracting new residents because of its affordability.
This is leading to uplift in local property markets. Sales activity is rising in some of the suburbs in the City of Canning - including East Cannington and Riverton - providing testimony to the LGA’s stronger performance over the last 12 months.
The REIWA ranked East Cannington as one of Perth’s top growth suburbs in late 2018 and named Canning Vale as one of Perth’s top-selling suburbs in April.
The is growing evidence of a return to price growth in several suburbs in this precinct, as the Perth market shows increasing signs of recovery.
The City of Canning has particular appeal because of its proximity to health and education precincts, an industrial employment hub, the Perth CBD and Perth airport.
Now under way, the City Centre Regeneration Program is expected to deliver 10,000 new homes for 25,000 new residents. The area around the Cannington train station is marked for further residential development while 1,500 new homes are to be eventually built in Bentley.
With Perth overall offering strong levels of affordability, particularly in comparison to Sydney and Melbourne, the City of Canning offers considerable appeal to investors and home buyers.
This report covers the suburbs of Bentley, Caningvale, Cannington, East Cannington, Ferndale, Leeming, Lynwood, Parkwood, Queens Park, Riverton, Rossmoyne, Saint James, Shelley, Willetton and Wilson.