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Cannonvale, QLD 4802

Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics

Data updated

Tight Rental MarketStrong Growth

Median House

$900,000

market range $850K-$975K

Median Unit

$590,000

list-price estimate

Gross Yield (houses)

4.7%

1yr Growth (houses)

+11.5%

market range +7.5% to +15.0%

Investment snapshot for Cannonvale

Cannonvale has enough public data for first-pass screening across yield, vacancy, price and supply signals.

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Cannonvale market and investor summary

Cannonvale (QLD 4802) runs a median house price of $900K, with houses yielding a gross 4.7%. House prices have moved +11.5% over the past year and +33.7% over three years. At 1.9% vacancy, it is a tight rental market that favours landlords.

For an investor, the rent-to-price profile sits mid-range: a gross house yield near 4.7% is neither a standout cashflow play nor a pure growth bet. Rental demand looks steady, with vacancy at 1.9% and a resident base that is not shrinking.

Living in Cannonvale: people, income and schools

About 6,596 people live in Cannonvale, and the area has been growing steadily, up about 13% over five years. The median age is 37, broadly working-age, and families account for 67% of households.

Households here earn a median of about $85,000 a year, or roughly $1,640 a week. On socio-economic measures it ranks around the national middle on the ABS advantage index (6 out of 10). At current prices a median house runs to a steep 10.6 times local household income, so affordability is a genuine constraint on local buyers. Locally, around 31% of household income goes to mortgage repayments, a level usually flagged as mortgage stress.

There are 2 schools within about 5km, testing close to the national school average on ICSEA. It is fairly car-dependent; the suburb scores 40 for walkability and 31 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Node.

Population
6,596
+13% over 5yr
Median age
37 years
Median household income
$85,000/yr
Households renting
45%
Family households
67%
Socio-economic rank
6/10
ABS advantage index
Schools within 5km
2
avg ICSEA 1005
Unemployment
1.9%
Walk score
40/100

Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.

Properties in Cannonvale

No properties currently listed in Cannonvale

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Frequently asked questions about Cannonvale

What should I check before investing in Cannonvale?

Cannonvale has enough public data for first-pass screening across yield, vacancy, price and supply signals. House gross rental yield of 4.7% gives a usable rent-to-price starting point. Capital growth of +11.5% 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 Cannonvale?

The median property price in Cannonvale, QLD 4802 is $900K for houses.

What rental yield does Cannonvale show?

The gross rental yield in Cannonvale is 4.7% for houses. 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 Cannonvale?

House prices in Cannonvale are up 11.5% over the past year and up 33.7% over three years. 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 Cannonvale?

The current vacancy rate in Cannonvale is 1.9%. 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 Cannonvale?

Cannonvale has a population of approximately 6,596 residents, with a median age of 37.

What schools are near Cannonvale?

There are 2 schools within roughly 5km of Cannonvale. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.

Is Cannonvale affordable to buy in?

A median house in Cannonvale costs about 10.6 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 Cannonvale's population growing?

The population of Cannonvale has grown about 13% over the past five years, an above-average pace. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.

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