Cannon Hill Suburb Profile
Cannon Hill is a vibrant suburb located approximately 10.4 kilometres east of Brisbane’s central business district. Known for its family-friendly atmosphere, excellent amenities, and convenient transport links, it has become a sought-after location for families, professionals, and investors. The suburb offers a mix of residential options, including traditional Queenslanders and modern developments, catering to a diverse community.
Introduction to the Suburb
Situated along the southern bank of the Brisbane River, Cannon Hill is bordered by Morningside, Murarrie, and Carina. The suburb boasts a variety of parks, shopping centres, and recreational facilities, contributing to a high quality of life for its residents. Its strategic location provides easy access to both the Brisbane CBD and the Brisbane Airport, enhancing its appeal to commuters and frequent travellers.
Demographics
These statistics highlight Cannon Hill’s youthful and diverse population, with a strong representation of families and professionals:
Population:
6,700 residents
Gender Distribution:
- Male: 49.5%
- Female: 50.5%
Median Age:
34 years, slightly younger than the national median of 38.
Income:
- Median weekly household income: $2,357
Cultural Diversity:
- Born in Australia: 70.4%
- Other common countries of birth:
- New Zealand: 4.2%
- England: 3.7%
- India: 2.0%
Household Composition:
- Average household size: 2.5 people
- Families: 68.2%
- Single-person households: 24.5%
Employment:
- Common occupations:
- Professionals, Managers
- Clerical and Administrative Workers
- Technicians and Trades Workers
Real Estate Market
Cannon Hill’s real estate market offers a variety of housing options, making it attractive to a broad spectrum of buyers and investors.
Median House Price:
Approximately $1,405,000, with an annual growth rate of 8.1%.
Median Unit Price:
Around $690,000, reflecting an annual growth of 21.6%.
Rental Market:
Houses: Median rent is $750 per week, yielding a rental return of 3%.
Units: Median rent is $660 per week, with a rental yield of 4.7%.
The suburb’s proximity to employment hubs, excellent transport links, and increasing demand for rental properties contribute to its strong market performance.
Amenities and Facilities
Cannon Hill is well-equipped with various amenities, ensuring residents have access to essential services and leisure options.
Education
- Cannon Hill State School and St. Oliver Plunkett Primary School serve the local community.
- Proximity to Cannon Hill Anglican College, a well-regarded private school.
Healthcare
- Access to medical centres and specialist clinics within the suburb.
- Nearby major hospitals include Mater Hospital and Princess Alexandra Hospital.
Shopping and Dining
- Cannon Hill Kmart Plaza and Urban Village provide shopping convenience.
- A variety of dining options, from local cafes to international cuisines.
Parks and Recreation
- Bill Cash Memorial Park and Minnippi Parkland offer green spaces and sporting facilities.
- Minnippi Golf & Range is Brisbane’s newest public golf course offering activities for the whole family.
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Transport and Connectivity
Cannon Hill offers excellent transport options, making commuting and travel easy for residents.
- Public Transport:
- Cannon Hill Train Station provides rail access to the Brisbane CBD and beyond.
- Extensive bus routes connect the suburb to surrounding areas.
- Road Access:
- Close proximity to Wynnum Road and the Gateway Motorway for easy access to the city and Brisbane Airport.
- Cycling and Walking:
- Well-maintained bike paths and pedestrian-friendly streets encourage active commuting.
Lifestyle and Community
Cannon Hill offers a vibrant yet relaxed lifestyle, with a strong sense of community and local engagement.
- Community Events:
- Regular farmers’ markets and cultural festivals in nearby suburbs.
- Local sporting clubs and recreational groups for residents.
- Safety:
- Considered a safe suburb with a family-friendly environment.
- Future Developments:
- Planned infrastructure projects, including road upgrades and residential developments, are set to enhance the suburb’s appeal further.
Notable Landmarks and Heritage
Cannon Hill features several notable landmarks that contribute to its charm and identity.
Cannon Hill State School:
Heritage-listed Cannon Hill State School opened in 1915
Minnippi Parkland and Golf & Range:
A hub for sports and outdoor activities.
Cannon Hill Train Station:
A historic railway station connecting the suburb to Brisbane’s transport network.
Suburb Rankings and Recognition
Cannon Hill continues to rank highly in terms of livability, investment potential, and lifestyle offerings.
- Frequently listed among Brisbane’s top emerging suburbs.
- Strong capital growth in the property market.
- High demand for rental properties due to location and amenities.
Why Invest in Cannon Hill?
Cannon Hill presents an excellent investment opportunity due to its strong market performance, desirable location, and ongoing infrastructure developments.
- Capital Growth Potential: Increasing property values due to strong demand.
- High Rental Demand: A growing population of professionals and families ensures consistent rental yields.
- Proximity to Key Locations: Easy access to Brisbane CBD, Brisbane Airport, and major employment hubs.
- Future Development Projects: Infrastructure upgrades and new residential developments are set to increase demand further.
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Conclusion
At Buyers Scout, we understand that securing the perfect home or investment property requires expert knowledge and local insight. Cannon Hill offers a fantastic blend of lifestyle, convenience, and investment potential, making it a top choice for buyers looking for premium real estate in Brisbane.
Our team is here to guide you through the property market and help you find the best opportunities available. Book a FREE Discovery Call with Buyers Scout today to discuss how we can assist in finding your dream home or next investment property. Let us simplify your property search and provide expert advice tailored to your needs.
Frequently Asked Questions
Q: Is Cannon Hill a good suburb for families?
A: Yes, Cannon Hill is known for its family-friendly atmosphere, excellent schools, parks, and recreational facilities.
Q: How far is Cannon Hill from Brisbane CBD?
A: Cannon Hill is approximately 10.4 kilometres from the Brisbane CBD, making it a convenient commute by train, bus, or car.
Q: What types of properties are available?
A: The suburb features a mix of Queenslander-style homes, contemporary residences, and modern apartments.
Q: Is public transport readily available here?
A: Yes, Cannon Hill has a well-connected train station and frequent bus services, making commuting easy.
Q: What are the main attractions in Cannon Hill?
A: Popular attractions include the Minnippie Parklands and golf course.