Cannon Hill
QLD, 4170 - Brisbane

Thinking about buying in Cannon Hill? Now could not be a better time, with 4285 properties either residential or commercial there's certainly plenty to choose from.

The average property price for this area is $1,051,000 with prices in this suburb ranging from $143,000 to $3,952,000.

Distance to the coast is 7 Km.

Household Makeup

Median Weekly Rent $457.60
Median Monthly Mortgage $1940.40
Median Persons Per Bedroom 0.90
Average Household Size 2.20
Average Age 31.00
Average Income $1127.40
Average Cars Per Dwelling 1.48
Average Properties Within 50M 48

Average Property Prices

1 Bed $669,000
2 Bed $735,000
3 Bed $1,164,000
4 Bed $1,455,000
5 Bed $1,742,000
6 Bed+$1,466,000

Cannon Hill Real Estate Market Outlook

In Cannon Hill there has been a history of lower than average prices and demand, offering opportunities for investors or first home owners, especially in the context of the growth in working from home. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Cannon Hill due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The high percentage of professional people in Cannon Hill classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. High density population in Cannon Hill requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. Lower than average industry presence in Cannon Hill we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Cannon Hill a better buying opportunity than it may have been in the past.

Housing Stock

Local Schools

St Oliver Plunkett School

Cannon Hill State School

Cannon Hill Anglican College

Mayfield State School

Murarrie State School

Carina State School

Seven Hills State School

Balmoral State High School

San Sisto College

St Martin's School

(While the above schools are located with the suburb of Cannon Hill there may also be nearby schools whose catchments cover this suburb)

Local Crime Rate

Incidents Trend State Average

We are currently collecting information for this location.

Cannon Hill weather - Average Local Climate by month

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source: Australian Government Bureau of Meteorology

Internet Speed

Download 25 Mbps / Upload 5 Mbps

Nearby Suburbs

CarinaSeven HillsMorningsideMurarrieCamp HillTingalpaBalmoralNorman ParkHawthorneCarina Heights

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