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Cannon Hill, QLD 4170

Home » QLD Real Estate Data » Eastern Brisbane, QLD » Cannon Hill, QLD 4170

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Cannon Hill, QLD 4170 located in Brisbane to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

Buy 

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Rent 

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Yield 

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Buy 

1BR

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Rent 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Cannon Hill, QLD 4170”

  1. The total adult population (15 years or older) of Cannon Hill 4170 QLD is 5,430, with a median age of 34. Of those, 41.95% are married, 10.28% are divorced or separated, 44.31% are single and 3.26% are widowed.

    The average household size is 2.5 people per dwelling, and the median household monthly income is estimated to be $11,536. The median monthly mortgage repayment for households in this suburb is $2,396 which is 20.77% of their earnings.

    Source: ABS Census Data (2021)

  2. The vibrant suburb of Cannon Hill 4170, nestled in the heart of Queensland, is dotted with approximately 3208 households. As we approach the third quarter of 2023, property investors are taking a closer look at the dynamics of this market—in particular, the housing segment.

    Here, a standard house costs around $1,129,510. With a median weekly rent rate of $643, the resulting indicative yield—effectively, the return on investment for landlords—comes to a near-miss 2.96%. While falling just short of the 3% threshold typically attractive to cashflow-focused investors, don’t write off Cannon Hill just yet.

    Its robust IRSAD score of 1093 out of 1217 suggests a stable socio-economic status, with favourable living conditions and strong access to economic resources. However, note a higher renter to owner ratio of 47%, a number directly indicative of a dense rental market. This level of rental saturation may accentuate competition among property investors and subtly dilute the neighbourhood’s appeal.

    On a brighter note, Cannon Hill’s units to houses ratio stands at a favourable 18%, suggesting the potential of less competition among landlords for tenants, supporting higher rental yields, and attracting families in search of longer tenancy periods.

    Yet, there’s a catch. The affordability index in Cannon Hill creeps up to 38 years, an indication of decreased accessibility of property ownership in the area, due to various factors such as interest rates, median income, and property prices.

    Moving on to supply, the suburb boasts a low stock on the market percentage of 0.27% and an inventory level of 0.77 months for houses—far beneath the 4-month mark considered oversupply. The building approvals ratio is similarly balanced, at 1.77%, less than the 2% level that might hint at a potential oversupply of new dwellings.

    With houses selling after just 19 days on the market, demand appears healthy and may attract interested investors seeking to benefit from quick turnover. A relatively low vacancy rate of 1.39% (combining both houses and units) further supports this demand.

    In the digital realm, Cannon Hill’s housing market is not overlooked either. With a buy search index rating of 6, demand remains high for housing purchases in this sunny Queensland suburb.

    All in all, Cannon Hill presents a diverse range of factors that, when interpreted comprehensibly, can guide your investment decisions. Despite some metrics falling a bit shy of the ideal, varying aspects of the property market here still hold a promising future for savvy buyers and investors. For a more automated and comprehensive analysis, the Relative Composite Score (RCS) metric by HtAG Analytics could offer a valued overview.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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