Cannon Hill is a mid-sized suburb in Queensland within the Brisbane local government area (postcode 4170). With a population of 6,701, the suburb has a mix of young professionals and families with a median age of 34. Households earn a median income of $123K per year, with an average household size of 2.5 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Cannon Hill is $1.4 million, having surged 24.7% over the past year. Units have a median price of $620,000 (+18.4% YoY). The current median weekly rent is $675. This gives a gross rental yield of approximately 2.5%. The median monthly mortgage repayment is $2,396.
Cannon Hill is served by 3 schools, including 2 primary, 1 combined. The average ICSEA score is 1112, which is well above the national average of 1,000. Public transport access includes 36 bus stops. The crime rate in the Brisbane LGA is moderate at 6,244 incidents per 100,000 population.
From an investment perspective, Cannon Hill offers a gross rental yield of 2.5%, rated as low yield. Property prices are near the state median ($1.4M/$1.1M). The price-to-income ratio of 11.5x is considered stretched. House prices have moved +24.7% year-on-year.
Cannon Hill is a mid-sized suburb in Queensland within the Brisbane local government area (postcode 4170). With a population of 6,701, the suburb has a mix of young professionals and families with a median age of 34. Households earn a median income of $123K per year, with an average household size of 2.5 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Cannon Hill is $1.4 million, having surged 24.7% over the past year. Units have a median price of $620,000 (+18.4% YoY). The current median weekly rent is $675. This gives a gross rental yield of approximately 2.5%. The median monthly mortgage repayment is $2,396.
Cannon Hill is served by 3 schools, including 2 primary, 1 combined. The average ICSEA score is 1112, which is well above the national average of 1,000. Public transport access includes 36 bus stops. The crime rate in the Brisbane LGA is moderate at 6,244 incidents per 100,000 population.
From an investment perspective, Cannon Hill offers a gross rental yield of 2.5%, rated as low yield. Property prices are near the state median ($1.4M/$1.1M). The price-to-income ratio of 11.5x is considered stretched. House prices have moved +24.7% year-on-year.