Suburb Profile Report for Cannonvale QLD (4802)

Cannonvale House: Median price $430,000, Annual capital growth -1.07%, Number of sales 72, Weekly median advertised rent $425

Cannonvale Unit: Median price $201,500, Annual capital growth -4.19%, Number of sales 70, Weekly median advertised rent $295

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

Source: CoreLogic

  • House Report
  • Unit Report

Investment property in Cannonvale has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 1.18%

Across a shorter period, Cannonvale, 4802 has seen a median price increase of -2.82% over the last quarter.

Cannonvale, 4802 is offering QLD ‘s 262th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 40% of discounts offered by this QLD.

In the last year 72 properties changed hands in Cannonvale, which puts it as the 331th most active market in QLD when comparing the number of sales per suburb.

Renters in Suburb are facing rents around $5100 per annum or $425 every week.

QLD has seen average median house prices change by -0.06% which means that Cannonvale, 4802 has done well for property investors by showing a capital gain of -25.37% over the last year

Cannonvale,4802 was ranked 1669 in Australia by increase in median property value over the quarter.

Property buyers and investors in Cannonvale 4802 should be seeing an average reduction in asking price of around -7.15% . This means that Cannonvale is holding prices well when compared to other suburbs in QLD.

The QLD suburb of Cannonvale, 4802 is in the Whitsunday local government area.

Metrics i HOUSE UNIT
$430,000 $201,500
-2.82% -11.82%
1.18% -25.37%
-1.07% -4.19%
$425 $295
72 70
5.14% 7.61%
88.06 140.7

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (U)
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Demographics
Total population 4885
Median household income ($/weekly) 1234
Median age of persons 34
Median housing loan repayment ($/monthly) 2100
Average household size 2.4
  • Census Count Percent(%)
    5-14 years 533 10.9
    25-34 years 999 20.5
    35-44 years 815 16.7
    45-54 years 705 14.4
    55-64 years 507 10.4
    Others 1326 27.1
    Age Group
    Census Count Percent(%)
    Not Married 1300 40.9
    Registered Married 1260 39.7
    Defacto Relationship 616 19.4
    Social Marital Status
  • Census Count Percent(%)
    Australia 3333 77.9
    Papua New Guinea 249 5.8
    South Africa 46 1.1
    United Kingdom 301 7.0
    Other 109 2.5
    Others 241 5.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 65 1.6
    Christianity 2552 62.4
    Hinduism 9 0.2
    Other Religious Groups 14 0.3
    No Religion 1436 35.1
    Others 14 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 153 9.9
    $600-$799 171 11.0
    $1,000-$1,249 161 10.4
    $1,500-$1,999 245 15.8
    $2,000-$2,499 156 10.1
    Others 663 42.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1761 50.4
    Employed, worked part-time 710 20.3
    Not in the labour force 701 20.1
    Unemployed, looking for work 162 4.6
    Employed, away from work 161 4.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 329 12.5
    Professionals 351 13.3
    Technicians & trades workers 463 17.6
    Community & personal service workers 305 11.6
    Labourers 330 12.5
    Others 859 32.6
    Occupation
    Census Count Percent(%)
    Pre-school 46 6.0
    Infants/Primary 351 45.8
    Secondary 175 22.8
    Technical or Further Educational Institution 109 14.2
    University or other Tertiary Institutions 54 7.0
    Others 31 4.0
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 2495 60.6
    Flat, unit or apartment 1125 27.3
    Semi-detached, row or terrace house, townhouse 432 10.5
    Caravan, cabin, houseboat 59 1.4
    House or flat attached to a shop, office 5 0.1
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 906 52.5
    Being purchased 542 31.4
    Fully owned 272 15.7
    Other tenure type 7 0.4
    Tenure Type
Census 2011, ABS
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Recent sales & rentals