Cannon Hill, QLD 4170, is a thriving suburb located approximately 10 kilometers east of Brisbane's central business district (CBD). Situated in the City of Brisbane, Cannon Hill offers residents a convenient lifestyle with easy access to urban amenities and natural attractions.
Throughout its history, Cannon Hill has transitioned from rural farmland to a bustling residential and commercial hub. The suburb's name is derived from the cannon located at the highest point of the area, which was used as a navigational aid for ships entering the Brisbane River in the late 19th century.
An interesting fact about Cannon Hill is its connection to the railway line, which played a significant role in the suburb's development and growth. The establishment of the railway station in the early 1900s facilitated transportation and trade, leading to the expansion of residential communities and commercial precincts.
Cannon Hill has experienced gentrification and improvement in recent years, with ongoing development projects and infrastructure upgrades enhancing its livability and desirability. The growth of house prices in the suburb over the past decades reflects its increasing appeal among homebuyers and investors seeking proximity to Brisbane's CBD.
Lifestyle
Cannon Hill offers residents access to several reserves and green spaces, including Cannon Hill Park and Minnippi Parklands, which provide opportunities for outdoor recreation and leisure activities. Popular pastimes in the suburb include walking, jogging, cycling, and picnicking in the parks.
The suburb boasts a vibrant café culture, with numerous coffee shops and eateries offering a variety of culinary delights. Residents also enjoy dining at local restaurants, shopping at nearby malls, and attending community events and festivals throughout the year.
Pets are popular in Cannon Hill, with many residents taking advantage of the suburb's pet-friendly amenities, such as off-leash parks and dog-friendly cafes. The suburb hosts various events and activities for pet owners, including dog shows and pet adoption drives.
School Zones
Cannon Hill is served by public primary schools, including Cannon Hill State School and Tingalpa State School, which offer quality education programs and extracurricular activities. Catholic primary schools in the area include St. Oliver Plunkett Primary School and St. Martin's Catholic Primary School.
Neighboring suburbs provide exclusive independent private schools, such as Anglican Church Grammar School (Churchie) and Lourdes Hill College, catering to families seeking private education options. The closest school for students with special needs is Cannon Hill Special School, which offers specialized programs and support services.
Demographics
From 2006 to 2021, Cannon Hill has experienced steady growth in median weekly household income, reflecting improving economic conditions and rising property values rising from $1,077 to $2,357.
The suburb has a diverse demographic profile, with a mix of families, young professionals, and retirees.
Major cultural ethnicities in Cannon Hill include Anglo-Australian, European, and Asian communities. The average income in the suburb is above the Australian average, indicating its status as a middle to upper-middle-class residential enclave.
Cannon Hill's wealth has increased over time, driven by its strong property market performance and urban development projects.
Employment
A significant percentage of Cannon Hill residents are employed in professional, managerial, and administrative roles at 47%, reflecting the suburb's educated workforce. The main employers in the area include healthcare facilities, educational institutions, and retail establishments.
Industries of employment in Cannon Hill include healthcare, education, retail, and hospitality. While many residents work locally, others commute to Brisbane's CBD and surrounding suburbs for employment opportunities.
Emerging employment trends in Cannon Hill include growth in the digital technology sector, creative industries, and health and wellness services, driven by the suburb's proximity to urban amenities and lifestyle attractions.
Transport
Cannon Hill is well-connected by public transport, with main bus routes providing access to Brisbane's CBD and surrounding suburbs. The suburb is also serviced by Cannon Hill Train Station, which offers regular services on the Cleveland line to Brisbane and other destinations.
Additionally, Cannon Hill is connected to nearby suburbs via bicycle paths, providing residents with alternative transport options for commuting and leisure activities. Private transport is popular in the suburb, with many residents owning cars for convenience and travel outside the area.
Shopping Centre's, Restaurants & Facilities
Cannon Hill has a high walk score, with a range of amenities within walking distance for residents. The suburb offers several shopping centers, including Cannon Hill Shopping Centre and Homemaker Centre, which feature retail outlets, supermarkets, and dining options.
Popular restaurants in Cannon Hill include cafes, bistros, and international eateries, offering residents a diverse culinary experience. Local facilities include fitness centers, libraries, and community centers, providing opportunities for leisure and recreation.
Residents of Cannon Hill engage in various lifestyle activities, including shopping, dining, and attending local events and festivals. The suburb is also home to sporting clubs, fitness centers, and social clubs, where residents can pursue their interests and socialize with others.
One unique thing that residents in Cannon Hill have access to is the Gateway Motorway, providing convenient access to Brisbane Airport, the Gold Coast, and other major destinations. Additionally, Cannon Hill boasts several churches and religious places catering to different denominations and faiths.
Development
Cannon Hill features a mix of dwellings, including traditional Queenslanders, modern apartments, and townhouse developments. Development opportunities in the suburb include infill housing, medium-density developments, and urban renewal projects.
While knock-down rebuilds and renovations are common in the area, strict planning regulations aim to preserve the suburb's character and heritage. Subdivision opportunities are limited, but there is potential for medium-density housing and mixed-use developments in selected areas.
Capital Growth
Average capital growth for houses, townhouses, and units in Cannon Hill has been steady, reflecting the suburb's proximity to Brisbane's CBD and strong demand from homebuyers and investors at 8.6% for houses. Growth in the better pockets of the suburb, particularly those close to transport hubs and amenities, has outpaced broader market trends.
Factors driving capital growth in Cannon Hill include its convenient location, urban amenities, and lifestyle attractions. The suburb's limited housing supply and high demand also contribute to its attractiveness to property buyers.
Main buyers in the suburb include families, young professionals, and investors seeking urban living and investment opportunities.
Cash Flow
The average cash flow for houses in Cannon Hill reflects competitive rental yields, making it an attractive investment option for landlords seeking stable returns at 3.5%. Townhouses and units also offer competitive yields at 4.8%, appealing to tenants seeking urban living close to amenities and transport.
Cash flow has shown consistent growth over the past decades, driven by strong rental demand and limited housing supply. Common tenants of leased properties in Cannon Hill include young professionals, families, and students attending nearby educational institutions.
Rental Demand
Vacancy rates for houses, townhouses, and units in Cannon Hill have historically been low at 1.6%, reflecting strong rental demand and a stable rental market. Over the past decade, vacancy rates have remained consistently low, indicating sustained demand from tenants.
Since the COVID-19 pandemic, vacancy rates have decreased to under 1%, as residents prioritize urban living and lifestyle amenities. Major driving forces behind rental demand include proximity to Brisbane's CBD, public transport, and employment hubs, as well as the suburb's vibrant community atmosphere.
Rental stock levels have decreased due to limited housing supply and increasing demand from residents and students, making it challenging for tenants to secure rental properties in the suburb.
Why You Require a Buyers Agent in Cannon Hill
Competition in Cannon Hill's property market is fierce, with low stock levels and high demand creating challenges for prospective buyers. A buyer's agent can provide valuable expertise, insights, and negotiation skills to help buyers secure their desired property in a competitive market.
Due to the suburb's limited housing supply and strong demand, stock levels are constantly low, making it essential for buyers to act quickly and decisively when opportunities arise. A buyer's agent can leverage their network and resources to access off-market listings and exclusive properties, giving buyers a competitive edge in the market.
One unique reason why Cannon Hill is a good place to buy is its convenient location, offering residents easy access to urban amenities, transport options, and lifestyle attractions. With its steady capital growth and competitive rental yields, Cannon Hill presents an attractive investment opportunity for homebuyers and investors alike.
Having a buyers agent in your corner is crucial to your success in Cannon Hill. Having the knowledge, strategy, access and negotiation ability will ensure you save thousands on the way in and make potentially millions in the future.
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