Suburb Profile Report for Cannonvale QLD (4802)

Cannonvale House: Median price $427,000, Annual capital growth -0.81%, Number of sales 64, Weekly median advertised rent $380

Cannonvale Unit: Median price $247,950, Annual capital growth -1.55%, Number of sales 91, Weekly median advertised rent $290

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

Source: CoreLogic

  • House Report
  • Unit Report

Property value increases in Cannonvale have tracked just lower than the QLD average of 2.06% over the last 12 months.

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

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 Cannonvale, 4802. Typically our figures indicate that -8.18% is being offered, which puts this QLD suburb at 770th most discounted overall in Australia.

Residents and property investors in Cannonvale have been waiting around 109.5 days to sell a property.

Cannonvale is in the bottom 30% in QLD when comparing median price capital growth over the last year. Cannonvale gave property investors a disappointing capital gain figure when compared to the rest of the state, with -2.57%.

A -4.63% growth in median value for property investors in Cannonvale,4802 puts this suburb at number 292th in terms of best performing suburbs in QLD

At number 77th of QLD’s most discounted properties, Cannonvale is in the bottom 30% of the state/territory when listing in order of most discounted to least.

Situated 910.01km from the CBD, Cannonvale is one of Whitsunday localities in the postcode 4802.

HOUSE UNIT
$427,000 $247,950
0.47% -3.14%
0.47% -2.57%
-0.81% -1.55%
$380 $290
64 91
4.63% 6.08%
109.5 127.31

Source: CoreLogic

DSR Score for property investment : Below average (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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