Suburb Profile Report for Cannon Hill QLD (4170)

Cannon Hill House: Median price $750,000, Annual capital growth 6.58%, Number of sales 88, Weekly median advertised rent $480

Cannon Hill Unit: Median price $455,000, Annual capital growth -1.85%, Number of sales 42, Weekly median advertised rent $415

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report
  • Expert Report

QLD has seen average median house prices change by 2.39% which means that Cannon Hill, 4170 has done well for property investors by showing a capital gain of 3.90% over the last year

Over the longer term, Cannon Hill has seen property prices show investors a 18.58% return over the last 3 years. This is worse than over the last 12 months

LACK OF BUYER INTEREST may well be the reason that Cannon Hill is offering property investors an average of -7.16. This rate of discount on properties puts Suburb at number 414th in terms of most discounted suburbs in QLD

Often selling an investment property can take time, and in Cannon Hill the average time real estate has been on the market is 77.01 days.

Advertised rents are around the $480 mark per week – giving a return of 3.33% based on the median price in Suburb

Cannon Hill is an average performer in QLD when comparing median price capital growth over the last year. Cannon Hill gave property investors a average capital gain figure when compared to the rest of the state, with 0.00%.

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Cannon Hill has fallen somewhat when compared to the 5 year average annual rate.

Nicole Tam Information supplied by:

Nicole Tam
Ironfish

M 07 3166 0888
O

W www.ironfish.com.au
E brisbane@ironfish.com.au
Cannon Hill has had a quite poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of -3.80% to date.

When looking at the potential capital gains offered to property investors over the last 3 years, Cannon Hill comes in at number 262th in QLD.

When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Cannon Hill, 4170. Typically our figures indicate that -8.98% is being offered, which puts this QLD suburb at 1869th most discounted overall in Australia.

Residents and property investors in Cannon Hill have been waiting around 117.47 days to sell a property.

With the median price for a house in Cannon Hill being $544500 and the advertised rent reaching $450 the gross rental yield for property investors calculates out to be 4.30%Full summary
Cannon Hill has had a quite poor year for property investment returns compared to the rest of QLD, giving investors a capital gain of -3.80% to date.
 
When looking at the potential capital gains offered to property investors over the last 3 years, Cannon Hill comes in at number 262th in QLD.
 
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Cannon Hill, 4170. Typically our figures indicate that -8.98% is being offered, which puts this QLD suburb at 1869th most discounted overall in Australia.
 
Residents and property investors in Cannon Hill have been waiting around 117.47 days to sell a property.
 
With the median price for a house in Cannon Hill being $544500 and the advertised rent reaching $450 the gross rental yield for property investors calculates out to be 4.30%
 
Selling points: 
  • Location (close to CBD: 6.5km). Affordable suburb only 6.5km to the CBD
  • Low vacancy Rate 1.4%1 (July 2013: Postcode 4170)
  • High rental return 5.87%2 (Cannon Hill Units over the last 12 months)
  • Median rent $465 per week3 (Cannon Hill Units - Quarterly average)
  • Extremely limited supply of new quality apartment projectsGrowing demand from young families wanting well priced properties close to city; 60% of residents are families with 1+ children
  • Consistently strong average Capital Growth of 7.84% over the last 20 years
 
Most sought-after properties: about 90% of the dwelling property type is Houses
 
Most common properties:  House
 
Top amenities:  Cannon Hill Railway Station, Homemaker City Cannon Hill, Murrarrie Recreational Reserve, Cannon Hill Anglican College, Regent Park, Cannon Hill Primary School, Belmont Private Hospital, SouthBank Institute of Technology (Cannon Hill Campus), Mayfield Primary School, Colmslie Beach Reserve, Cannon Hill Kmart Plaza, Seven Hills bushland reserve, 17+ preschools and kindergartens. 
 
Local industry and business:  Quality employment hub including Canon, Orica, Westpac, Honeywell, Bayer and more.
 
Public transport:  multiple bus routes, Cannon Hill train station (9 stops to CBD – 25 mins commute)
 
Main arteries:  Very well established private and public transport connectivity, including direct rail access to CBD, regular bus services and road access (via Gateway Bridge) to Domestic/International Airports and the Trade Coast.

 

Close
Metrics i HOUSE UNIT
$750,000 $455,000
3.23% 1.69%
3.90% 0.00%
6.58% -1.85%
$480 $415
88 42
3.33% 4.74%
77.01 N/A

Source: CoreLogic

DSR Score for property investment : Below average (U), Above average (H)
Find a mortgage broker in Cannon Hill QLD
Demographics
Total population 4507
Median household income ($/weekly) 1439
Median age of persons 35
Median housing loan repayment ($/monthly) 2250
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 498 11.0
    25-34 years 777 17.2
    35-44 years 776 17.2
    45-54 years 578 12.8
    55-64 years 392 8.7
    Others 1486 33.0
    Age Group
    Census Count Percent(%)
    Registered Married 1515 44.3
    Not Married 1513 44.2
    Defacto Relationship 395 11.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 3384 78.2
    Indonesia 55 1.3
    Papua New Guinea 183 4.2
    United Kingdom 210 4.9
    Other 152 3.5
    Others 341 7.9
    Country of Birth
    Census Count Percent(%)
    Buddhism 108 2.6
    Christianity 2953 70.9
    Hinduism 32 0.8
    Other Religious Groups 45 1.1
    No Religion 988 23.7
    Others 38 0.9
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 142 9.0
    $600-$799 139 8.8
    $1,500-$1,999 182 11.5
    $2,000-$2,499 167 10.6
    $2,500-$2,999 172 10.9
    Others 775 49.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1612 45.8
    Not in the labour force 980 27.8
    Employed, worked part-time 673 19.1
    Employed, away from work 135 3.8
    Unemployed, looking for work 119 3.4
    Person Characteristics
  • Census Count Percent(%)
    Managers 279 11.5
    Professionals 611 25.3
    Technicians & trades workers 315 13.0
    Clerical & administrative workers 395 16.3
    Labourers 237 9.8
    Others 582 24.1
    Occupation
    Census Count Percent(%)
    Pre-school 62 6.4
    Infants/Primary 354 36.5
    Secondary 196 20.2
    Technical or Further Educational Institution 76 7.8
    University or other Tertiary Institutions 235 24.3
    Others 46 4.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4008 92.5
    Caravan, cabin, houseboat 149 3.4
    Flat, unit or apartment 101 2.3
    Semi-detached, row or terrace house, townhouse 58 1.3
    House or flat attached to a shop, office 15 0.3
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 613 36.6
    Fully owned 607 36.2
    Rented 451 26.9
    Other tenure type 6 0.4
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals