Cannonvale

POSTAL CODE: QLD, 4802

HOUSE

UNIT

A steady increase in median property prices over a five-year period in the suburb translates to a 33.52% capital gain.

It also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $849,500

The augmented property values in the suburb are trailing behind the territorial average of 13.39% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $770.

Home owners selling their properties and realtors in CANNONVALE usually have to wait an average of 53.6 days days before their assets are lifted off the market.

The QLD suburb ranks 137th on the list of best yielding suburbs for rental properties in QLD, posting a 4.71% return.

It also places places 858th in Australia based on median property value growth during the quarter.

Property investors enjoyed capital gains of 27.63% over the last 12 months in CANNONVALE, 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 CANNONVALE, 4802 obtained a 6.4% growth over a ten-year period. It ranks 636th on our list of suburbs that property investors should look into.

CANNONVALE, 4802 has a capital gain of 27.63% for the past year, which is higher than average compared to its 126.64% growth within a five-year period.

With the median home price in CANNONVALE sitting at $485,000, and the average rent at $590, property owners could potentially earn a 6.33% increase in gross rental yield.

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

CANNONVALE, 4802 in QLD belongs to the local government area of Whitsunday.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$849,500	$485,000
Growth Report
Median Quarterly	-0.06%	7.78%
Median 12 month	10.32%	27.63%
Median 3 years	33.52%	56.45%
Median 5 years	85.08%	126.64%
10 years average annual	7.35%	6.4%
Weekly media advert. rent	$770	$590
Time on Market	53.6 days	40.3 days
Gross Rental Yield Percent	4.71%	6.33%

Demographics (Median Values)*

Total Population 4013

Weekly Household Income 1082

Household Size 2.30

Average Age 34

Monthly Loan Repayment 1470

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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