Suburb Profile Report for Cannonvale QLD (4802)

Cannonvale House: Median price $429,000, Annual capital growth -1.07%, Number of sales 108, Weekly median advertised rent $460

Cannonvale Unit: Median price $219,000, Annual capital growth -2.28%, Number of sales 55, Weekly median advertised rent $330

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

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Cannonvale has had a pretty average year for property investment returns compared to the rest of QLD, giving investors a capital gain of -0.23% to date .

Over the longer term, Cannonvale has seen property prices show investors a 0.94% return over the last 3 years. This is worse than over the last 12 months

State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -7.01% offered to property buyers. Sellers in Cannonvale itself are offering an average vendor discount of -7.19% to real estate investors.

Residents and property investors in Cannonvale have been waiting around 106.052 days to sell a property.

Using the current median advertised rental of $460 and the average annual increase in value of a median property of -1.07%, investors should hope to achieve an overall return of 5.58%

If you compare the increase in value of investment property in Cannonvale, 4802 to the rest of Australia, it performed quite well. The median increase in value, or capital gain property investors experienced for this QLD suburb was 1.27%.

Cannonvale,4802 was ranked 608 in Australia by increase in median property value over the quarter.

Vendor discounting in Cannonvale is giving property investors an average Vendor Discount of around -8.65%. This puts suburb at number 28th in QLD when ranking the most discounted suburbs.

A $330 per week rent on the median house gives suburb investors a gross yield of circa 7.84%, without taking into account capital value appreciation, which has been averaging out at -2.28%.

Metrics i HOUSE UNIT
$429,000 $219,000
0.35% 0.00%
-0.23% 1.27%
-1.07% -2.28%
$460 $330
108 55
5.58% 7.84%
106.051948051948 93.4838709677419

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 2019. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Balanced (H), Below average (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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