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Cannon Hill, QLD 4170
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$1,770,000
market range $1.7M-$1.9M
Median Unit
$830,000
market range $800K-$875K
Gross Yield (units)
4.0%
1yr Growth (houses)
+17.6%
market range +7.5% to +20.0%
Investment snapshot for Cannon Hill
Cannon Hill has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Cannon Hill market and investor summary
In Cannon Hill, QLD 4170, the median house sells for around $1.8M. House prices have moved +17.6% over the past year. At 1.3% vacancy, it is a tight rental market that favours landlords.
Rental demand looks steady, with vacancy at 1.3% and a resident base that is not shrinking.
Living in Cannon Hill: people, income and schools
Cannon Hill has a resident population of roughly 6,701, and the area has been growing steadily, up about 11% over five years. At a median age of 34, it reads as broadly working-age, and families account for 68% of households.
The typical household income runs to around $123,000 a year (about $2,360 a week). On socio-economic measures it ranks among the most advantaged in the country (10 out of 10 on the ABS advantage index). At current prices a median house runs to a steep 14.4 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 16% over five years, which tends to underpin what local buyers can pay.
Families have 34 schools within roughly 5km to choose from, testing a little above the national school average on ICSEA. Cannon Hill sits about 6.7 km from the CBD. Some errands can be done on foot, though a car still helps; the suburb scores 62 for walkability and 19 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Premises.
- Population
- 6,701
- +11% over 5yr
- Median age
- 34 years
- Median household income
- $123,000/yr
- Households renting
- 38%
- Family households
- 68%
- Socio-economic rank
- 10/10
- ABS advantage index
- Schools within 5km
- 34
- avg ICSEA 1086
- Unemployment
- 4.0%
- Distance to CBD
- 6.7 km
- Walk score
- 62/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Cannon Hill
View all →Frequently asked questions about Cannon Hill
What should I check before investing in Cannon Hill?
Cannon Hill has enough public data for first-pass screening across yield, vacancy, price and supply signals. Unit gross rental yield of 4.0% gives a usable rent-to-price starting point. Capital growth of +17.6% in the past year shows strong recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Cannon Hill?
The median property price in Cannon Hill, QLD 4170 is $1.8M for houses and $830K for units.
What rental yield does Cannon Hill show?
The gross rental yield in Cannon Hill is 4.0% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Cannon Hill?
House prices in Cannon Hill are up 17.6% over the past year. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Cannon Hill?
The current vacancy rate in Cannon Hill is 1.3%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Cannon Hill?
Cannon Hill has a population of approximately 6,701 residents, with a median age of 34.
What schools are near Cannon Hill?
There are 34 schools within roughly 5km of Cannon Hill. Their average ICSEA is a little above the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Cannon Hill affordable to buy in?
A median house in Cannon Hill costs about 14.4 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Cannon Hill's population growing?
The population of Cannon Hill has grown about 11% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
How far is Cannon Hill from the CBD?
Cannon Hill is about 6.7 km from the CBD.
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