Cannon Hill vs Mackenzie

The median house price is $1.8M in Cannon Hill and $1.8M in Mackenzie, so Mackenzie is the cheaper entry point, with Cannon Hill houses about 1% dearer.

For units, Cannon Hill sits at a median of $830K against $920K in Mackenzie, which makes Cannon Hill the more affordable unit market and Mackenzie the pricier one.

Over the past year house prices moved +17.6% in Cannon Hill (an estimate) and +11.8% in Mackenzie, so recent momentum favours Cannon Hill, although both suburbs recorded growth.

Rental vacancy is 1.3% in Cannon Hill and 3.6% in Mackenzie, 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 2,336, roughly 2.9 times the size of Mackenzie; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Mackenzie 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.