Cannon Hill vs Taringa

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

For units, Cannon Hill sits at a median of $830K against $845K in Taringa, which makes Cannon Hill the more affordable unit market and Taringa the pricier one.

Over the past year house prices moved +17.6% in Cannon Hill (an estimate) and +4.3% in Taringa (an estimate), so recent momentum favours Cannon Hill, although both suburbs recorded growth.

Rental vacancy is 1.3% in Cannon Hill and 1.9% in Taringa, 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.

Taringa is the bigger suburb, with a population of 8,732 against 6,701, larger than Cannon Hill; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Taringa 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.