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Cannonvale, QLD 4802

Home » QLD Real Estate Data » Whitsunday Regional, QLD » Cannonvale, QLD 4802

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 Cannonvale, QLD 4802 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 

2BR

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4BR

5BR

Buy 

1BR

2BR

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Rent 

1BR

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Yield 

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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 “Cannonvale, QLD 4802”

  1. The total adult population (15 years or older) of Cannonvale 4802 QLD is 5,365, with a median age of 37. Of those, 36.33% are married, 16.46% are divorced or separated, 44.45% are single and 2.85% are widowed.

    The average household size is 2.4 people per dwelling, and the median household monthly income is estimated to be $7,776. The median monthly mortgage repayment for households in this suburb is $1,713 which is 22.03% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburb of Cannonvale (4802), situated in Queensland, is characterised by an approximate total of 4206 households. As we enter the third quarter of 2023, the property analytics reveal intriguing aspects of the housing market in this area.

    In terms of pricing, average property valuations for houses in Cannonvale nestles around $706,320, with a median weekly rental price set at $685. This dynamic results in an enticing indicative yield of 5.04%, marginally above the baseline minimum of 3% that appeals to cashflow-oriented property investors.

    The socio-economic fabric of Cannonvale holds its own with an IRSAD score of 969 out of 1217, suggesting a relatively healthy socio-economic environment. Meanwhile, the suburb depicts a balanced market when it comes to rental options, with the renter to owner ratio standing at 45%, although this sits slightly higher than the optimal rate of 30% and below.

    Another favourable aspect of the Cannonvale property market is the less saturated ratio of units to houses resting at 38%, suggesting a lower competition amongst landlords with rentals, potentially sustaining higher rental yields and attracting longer tenancy periods.

    However, the suburb’s affordability index is slightly concerning with it taking an estimated 36 years to fully own a property – a term that exceeds the standard 30-year mortgage and largely impacts the area’s affordability.

    In terms of supply metrics, Cannonvale’s housing market is well-supplied with a stock on market Percentage of 1.09%, positioning within the neutral range, and an inventory level comfortably sitting at 1.8 months. Interestingly, there aren’t any recent building approvals, with the building approvals Ratio for houses at 0.0%, limiting concerns of an over-saturated market from a supply perspective.

    The property market demand, as echoed by the average 42 days on market for houses, shows moderate demand, while the low vacancy rate (0.48%) points to high demand with limited availability of rental properties. The buy search index for houses increments to a value of 4, within the typical range, signifying balanced interest and activity regarding property searches.

    Reviewing these mixed metrics for Cannonvale, potential investors ought to carefully evaluate the demands and trends portrayed at this stage of Q3 2023. It is crucial to keep in mind that while some metrics may lean towards the unfavourable zone, the overall balanced blend of other favourable metrics can still provide ample investment opportunities. Pairing this data-driven approach with the RCS (Relative Composite Score) would automate the process even further, resulting in a more comprehensive real estate investment analysis.

    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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