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Cannon Hill

POSTAL CODE: QLD, 4170
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Property investors enjoyed capital gains of 6.35% over the last 12 months in CANNON HILL, translating to lower returns compared with its peers in QLD.

A survey of average capital gains or median home price increase in suburbs across the country shows that the QLD suburb obtained a 9.15% growth over a ten-year period. It ranks 414th on our list of suburbs that property investors should look into.

CANNON HILL, 4170 has a capital gain of 6.35% for the past year, which is lower than average compared to its 91.48% growth within a five-year period.

With the median home price in CANNON HILL sitting at $1,550,000, and the average rent at $820, property owners could potentially earn a 2.75% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in CANNON HILL are low, as opposed to average gains per annum over the past five years.

CANNON HILL, 4170 in QLD belongs to the local government area of Brisbane.

Surburb overview

Cannon Hill, postcode 4170, is a suburb located approximately 10.4 kilometres east of Brisbane's central business district (CBD).

As of the 2021 census, Cannon Hill had a population of 6,701 residents. The population's median age is 34, slightly younger than the national average. The suburb is predominantly residential, with a mix of housing types, including separate houses, semi-detached houses, and units/apartments. Households in Cannon Hill are primarily couples with children, and the area has experienced significant population growth in recent years.

Public transportation in Cannon Hill is well-developed, providing residents with multiple options for commuting. The Cannon Hill railway station offers regular Queensland Rail City network services to the Brisbane CBD and Cleveland. Additionally, the suburb is serviced by several bus routes, including the Cannon Hill bus station, a major interchange for the area. Major roads such as Creek Road and Wynnum Road facilitate easy transportation around the city.

Several shopping centres are essential establishments in Cannon Hill. Cannon Hill Kmart Plaza, located at the southeast corner of Creek Road and Wynnum Road, is anchored by a Kmart and a Coles supermarket. Cannon Central Shopping Centre, situated at 1145 Wynnum Road, features a Woolworths supermarket. Urban Village Shopping Centre, at 965 Wynnum Road, offers various casual dining options.

Residents can enjoy the numerous parks and green spaces within the suburb for recreational activities. Cannon Hill has eight parks covering nearly 42.9% of its area, providing ample outdoor activities and community events opportunities.

Regarding property, the median house price in Cannon Hill is approximately $1,450,000, with an annual capital growth of 19.34%. There were 100 house sales in the past 12 months, with properties spending an average of 24 days on the market. Rental yields for houses are currently around 3.13%, with a median weekly rent of $715. The suburb offers a mix of housing options, including contemporary apartments, townhouses, and spacious family homes, catering to a diverse population.

Cannon Hill balances urban convenience and suburban tranquillity, making it an attractive option for residents and investors.

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