Cannon Hill vs Chelmer
Property investment comparison - Cannon Hill, QLD 4170 vs Chelmer, QLD 4068
Head-to-head across core investment metrics: Cannon Hill wins 2, Chelmer wins 2. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Cannon Hill | Chelmer |
|---|---|---|
| Median house price | $1.8M | $1.8M |
| Median unit price | $830K | - |
| Gross rental yield (houses) | - | 3.01% |
| Gross rental yield (units) | 4.05% | 5.49% |
| 1-year house growth | +17.6%estimate | -1.7%estimate |
| 3-year house growth | - | - |
| Vacancy rate | 1.3% | 2.0% |
| Population | 6,701 | 3,325 |
Cannon Hill vs Chelmer: what the numbers say
The median house price is $1.8M in Cannon Hill and $1.8M in Chelmer, so Chelmer is the cheaper entry point, with Cannon Hill houses about 1% dearer.
Over the past year house prices moved +17.6% in Cannon Hill (an estimate) and -1.7% in Chelmer (an estimate), so recent momentum favours Cannon Hill, while Chelmer went backwards.
Rental vacancy is 1.3% in Cannon Hill and 2.0% in Chelmer, so landlords in Cannon Hill face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.
Cannon Hill is the bigger suburb, with a population of 6,701 against 3,325, roughly 2.0 times the size of Chelmer; a larger suburb usually means a deeper pool of buyers and tenants.
In short: Chelmer for a lower purchase price, Cannon Hill for recent price momentum, Cannon Hill for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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