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.
| 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 |
| 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 |
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.
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)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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