Canning Vale vs Noranda
Property investment comparison - Canning Vale, WA 6155 vs Noranda, WA 6062
Head-to-head across core investment metrics: Canning Vale wins 2, Noranda wins 3. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Canning Vale | Noranda |
|---|---|---|
| Median house price | $1.2M | $1.2M |
| Median unit price | $725K | $675K |
| Gross rental yield (houses) | 3.95% | 3.80% |
| Gross rental yield (units) | 5.30% | 4.93% |
| 1-year house growth | +21.8%estimate | - |
| 3-year house growth | - | +70.9% |
| Vacancy rate | 1.2% | 0.8% |
| Population | 34,504 | 8,002 |
Canning Vale vs Noranda: what the numbers say
The median house price is $1.2M in Canning Vale and $1.2M in Noranda, so Noranda is the cheaper entry point, with Canning Vale houses about 2% dearer.
For units, Canning Vale sits at a median of $725K against $675K in Noranda, which makes Noranda the more affordable unit market and Canning Vale the pricier one.
On cash flow, Canning Vale leads: houses there return a gross rental yield of 3.95%, compared with 3.80% in Noranda, a gap of 0.15 percentage points.
Rental vacancy is 0.8% in Noranda and 1.2% in Canning Vale, so landlords in Noranda face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Canning Vale is the bigger suburb, with a population of 34,504 against 8,002, roughly 4.3 times the size of Noranda; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Canning Vale for rental income, Noranda for a lower purchase price, Noranda for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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