Cannon Hill, located in Brisbane, Queensland, has witnessed a dynamic shift in its housing market over the years, reflecting broader trends seen across the city. Situated roughly six kilometers east of Brisbane’s CBD, this suburb has become increasingly attractive to both investors and families due to its proximity to the city and a blend of urban and suburban living. The area has seen consistent demand, driving steady property value appreciation. Modern apartment complexes and townhouses have complemented the charming Queenslander-style homes that line its streets, offering a variety of options for prospective buyers and renters. Recent developments and infrastructure projects, such as improved public transport links and retail amenities, have further bolstered the suburb's appeal, making Cannon Hill a relatively competitive market compared to other Brisbane suburbs.
Living in Cannon Hill comes with a balanced lifestyle that sways between a bustling urban vibe and the tranquility of suburban life. The suburb is well-equipped with essential amenities including schools, shopping centers like the Cannon Hill Kmart Plaza, and a plethora of dining and entertainment options, catering to diverse demographics. The presence of parks and recreational areas, such as the popular Seven Hills Bushland Reserve, makes it a great place for outdoor enthusiasts and families looking to enjoy green spaces. Residents benefit from efficient transport links, with the Cannon Hill railway station offering convenient access to the Brisbane CBD and surrounding areas. The community vibe in Cannon Hill is welcoming, often characterized by a friendly neighborhood spirit and active local events, making it a desirable place for newcomers seeking both convenience and community.
| Median Weekly Rent | $457.60 |
| Median Monthly Mortgage | $1940.40 |
| Median Persons Per bed houseroom | 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 |
| Typical 1 bed house | $669,000 |
| Typical 2 bed house | $735,000 |
| Typical 3 bed house | $1,164,000 |
| Typical 4 bed house | $1,455,000 |
| Typical 5 bed house | $1,742,000 |
| Typical 6 bed+ house | $1,466,000 |
Housing Stock
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Thinking about buying in Cannon Hill? Now could not be a better time, with 4285 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $1,051,000 with prices in this suburb ranging from $143,000 to $3,952,000. Cannon Hill is located fairly close to the coast at just 7Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.
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.
Instant Property ValuationSt 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)Incidents Trend State Average
| (mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
|---|---|---|---|---|---|---|---|
| Jan | 12.8 | 24.8 | 33.0 | 50.9 | 81 | 1.7 | 18.2 |
| Feb | 13.6 | 24.9 | 33.0 | 51.6 | 81.1 | 1.8 | 20.8 |
| Mar | 7.4 | 25.1 | 34.0 | 50.0 | 86 | 1.6 | 22.3 |
| Apr | 3.1 | 24 | 34.7 | 44.6 | 91.1 | 1.7 | 22.1 |
| May | 0.8 | 22.3 | 34.2 | 31.0 | 72.8 | 2.4 | 20.7 |
| Jun | 0 | 21.0 | 33.5 | 28.8 | 71.9 | 2.4 | 19.6 |
| Jul | 0 | 19.0 | 33.7 | 22.7 | 70.5 | 2.3 | 20.5 |
| Aug | 0.0 | 18.6 | 34.7 | 18.7 | 65.4 | 2.2 | 22.5 |
| Sept | 0.7 | 20.4 | 37.0 | 16.4 | 61.6 | 2.1 | 25.4 |
| Oct | 0.9 | 22.6 | 38.1 | 20.6 | 70.7 | 2.2 | 27.1 |
| Nov | 2.1 | 24.5 | 38.3 | 29.6 | 82 | 1.9 | 24.6 |
| Dec | 5.7 | 25.3 | 36.4 | 32.7 | 72.6 | 1.6 | 22.0 |
source: Australian Government Bureau of Meteorology
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