Suburb Profile Report for Cannonvale QLD (4802)

Cannonvale House: Median price $430,000, Annual capital growth -0.61%, Number of sales 118, Weekly median advertised rent $450

Cannonvale Unit: Median price $225,000, Annual capital growth -2.30%, Number of sales 54, Weekly median advertised rent $320

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

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Property investors who have had real estate in Cannonvale, 4802 should be ok with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices unmoved in value by 0.00%

Across a shorter period, Cannonvale, 4802 has seen a median price increase of -1.04% over the last quarter.

Property buyers and investors in Cannonvale 4802 should be seeing an average reduction in asking price of around -7.02% . This means that Cannonvale is holding prices well when compared to other suburbs in QLD.

Renters in Suburb are facing rents around $23400 per annum or $450 every week.

Cannonvale has had a pretty good year for property investment returns compared to the rest of QLD, giving investors a capital gain of 4.65% to date .

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.

Vendor discounting in Cannonvale is giving property investors an average Vendor Discount of around -10.34%. This puts suburb at number 6th in QLD when ranking the most discounted suburbs.

Cannonvale is 38th on a list of best yielding suburbs for rents in QLD with a 7.40% return

Metrics i HOUSE UNIT
$430,000 $225,000
-1.04% 2.74%
0.00% 4.65%
-0.61% -2.30%
$450 $320
118 54
5.44% 7.40%
104.576470588235 101.851851851852

Source: Monthly data update for May 2020 as supplied by CoreLogic. Data is reported to the period ending Feb 2020. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Above 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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