9 Halsey Close, Cannington WA 6107
9 Halsey Close, Cannington WA 6107
5×2 R40 on 635m² | Cul-de-sac redevelopment edge | Leased at $5,400/mo | Infill investor focus
The property is presented as a five-bedroom, two-bathroom house on a 635m² lot with R40 zoning, a configuration that is uncommon in the immediate locality. Originally a three-bedroom, one-bathroom dwelling, it has been internally renovated to its current form, providing a distinct advantage as a rental holding. The house is currently leased at $5,400 per month, with stated potential to increase to $5,800, indicating strong income capacity. A recently completed cul-de-sac nearby improves the site’s redevelopment geometry, making it best suited to a developer-investor seeking rental income while holding for future subdivision. Its proximity to Cannington’s transport, retail and medical precincts reinforces tenant appeal.
Value may be influenced by the lease’s strength and renewal terms, as the stated rent is high for a standard five-bedroom house. Future redevelopment outcomes might be shaped by council approval for multi-unit use under R40, and renovation quality will be weighed by both investors and owner-occupiers. Surrounding higher-density infill could either enhance or pressure the immediate character, which may be felt in long-term desirability.
Detailed Independent Property Report prepared by PropCred Analyst team for 9 Halsey Close, Cannington WA 6107
Checks found:
Value Risk
Liquidity Risk
1
Planning Risk
Income Risk
2
Execution Risk
1
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Market Insight
Cannington, 10km from Perth in the City of Canning, is a compact commercial hub with strong buyer momentum. Demand is led by younger professionals aged 20-29 with bachelor qualifications and mid-to-upper incomes, drawn by proximity and commercial employment. House prices sit at $780,000 after 22.8% annual growth; units are $590,000 with 18% growth. Homes sell in a median 13 days, reflecting tight supply—just seven properties for sale against 85-86 annual house sales. Rental demand is firm: house rents rose 13% to $723 weekly, and unit yields hold at 5.3%. Population growth of 15.96% since 2016 supports sustained demand. Constraints include affordability and rate sensitivity: the median house price requires a high income multiple for typical buyers, and the 8-15 day selling range signals price exposure to tighter credit. Supply remains thin, risking further price pressure.
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PropCred Estimated Value
Comparable Sales: A 5-bedroom R40 house on 635m² sold at $1.12M; a 4-bedroom 600m² lot sold at $1.05M | Property Price Band: $1.1M-$1.2M | Value Drivers: land size, R40 zoning, rental income potential
Bedrooms
3
Bathroom
1
Parking
2
Land
1154m²
Research & Review
Prepared by Steve Dalton, Senior Analyst
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Reviewed by Matt Proctor, Principal Analyst
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