Location - Velocity Cannington

LOCATION All that’s great about living in Western Australia.

Tucked behind Cannington Village, Velocity sits in the heart of one of Australia’s most exciting urban revitalisation precincts.

Cannington is a fast-growing suburb and government approved major growth area in Perth’s inner south.

This vibrant location benefits from exceptional transport links, easy access to shopping, beaches and parks and strong demand from home buyers and renters.

A short stroll to cafes, restaurants and nightlife
Train to Perth’s CBD
A short drive to Perth International Airport
Westfield Carousel: Home to WA’s largest Westfield Shopping Centre
Bentley Hospital and medical centres
Cannington Leisureplex: library, sports and aquatic centre and crèche
Canning River Regional Park: a serene bush retreat with walking trails and picnic facilities
Bus to Curtin University - Bentley, Murdoch University and Perth centre.

LIFESTYLE The inspired lifestyle you’ve always wanted.

Velocity is just what you’re looking for: Inspired living in a beautifully finished apartment with expansive views over Perth.

Velocity’s design is smart: sublime architectural style, foyer with high grade security and lush podium gardens in a brand new complex.

Stroll towards Cecil Avenue, a growing café and shopping strip or to the train running direct to Perth’s CBD. Universities, parks, beaches and recreation facilities all close by.

And it’s affordable: Strata fees from just $850 per year and apartment prices from $299,000.

INVESTMENT Ideal for the astute home buyer or property investor.

Velocity is a solid investment in the most promising precinct of Perth, one of the western world’s fastest growing cities.

Your unit will be right in the centre of potentially Perth’s most in-demand location, a suburb rated highly by economic consultants Urbis.

Key to its rental and sales outlooks are high demand from home buyers and renters attracted by nearby hospitals, universities and easy access to the CBD.

Units in Cannington are currently recording price growth well above the Perth metro average.

At River Development’s recently completed Momentum (also in Cannington Village), some 1-bedroom units are showing a gross return of 5.8% pa on their purchase price.

CAFÉ
Bustling ‘village style’ café and shopping strip and all the recreation facilities you need; right at your doorstep.

SHOPPING
Close to Cecil Avenue shops, Hoyts Cinemas and Westfield Carousel, WA’s largest Westfield Shopping Centre.

TRAIN
Cannington Train Station connecting you to the Perth CBD.

Population Growth

Estimated average 3.8% pa 2011-2021* (compared to 2.5% for Perth metro region).

Employment Estimated

31,800 new jobs in region 2015- 2019**

Strong price growth

Assessed 3 year median unit price growth 5.1%*** (compared to 1.2% for Perth metro region).

Rental demand

Assessed yields for units 5.0% *** (compared to Perth metro average 4.8%).

Infrastructure

Identified by WA government as a major growth area****

Westfield Carousel Shopping Centre – set to expand by around 50% in size to 130,200 square meters.

Curtin University to expand to 44,000 students

Transport

Metropolitan Train – 14 minutes to Perth CBD High frequency bus routes across metro region 24 minutes by car to Perth CBD

Close to Albany and Leach Highways

* Population and demographic consultants, .ID.
** Department of Employment, WA.
*** Urbis Economics and Market Research.
**** Department of Planning, WA.

Cafe

Bus

River

Shopping

Train

Sports and Fitness