Cannon Hill is a fantastic location for a potential home-buyer – just over the river on the south side of the city, it’s a great place for people who work in the city and want to enjoy the active lifestyle that goes hand in hand with living so close to bars, restaurants, fantastic shopping and the city’s wonderful cultural centre. There’s so much to love about Cannon Hill. If you’re thinking about buying here, make sure you book a pre-purchase property inspection. Cannon Hill is always in demand!
Why pick Cannon Hill?
Given its close proximity to Brisbane city, Cannon Hill is traditionally more expensive to buy than an outer suburb might be – if you buy here, you’re buying for lifestyle. Also, you’ll get a return on your investment – Cannon Hill property prices don’t generally differ too much either side of the market, so if you’re looking for an investment property, you’ve definitely picked a winner!
With a mix of stunning old Queenslander-style houses that have been recently renovated and modern, stylish apartments and units, Cannon Hill is a suburb attracting families, young couples, and professional singles looking for a great place to raise a family that doesn’t require a long commute to work. Originally an area used for farming and cattle grazing, Cannon Hill now hosts a number of heritage-listed sites, including the local primary school, several major shopping centres, and a number of great restaurants and bars. The 20 minute commute to the city centre by car or 45 minute trip on the train makes it a great place for professionals looking for a relaxed place to live, students looking for an easy commute to the University of Southern Queensland, or young families. There are a number of public and private schools and Cannon Hill Shopping Plaza. There’s something to suit every potential home owner, and the real estate market reflects this.
With a population of 4,507, a median house price of $734,000 for houses and $462,000 for units and a median weekly rent of $460, Cannon Hill is a suburb on the rise. Prices are steady, making Cannon Hill attractive for investors and buyers alike. The average age of its residents is 35, 4 years younger than the national average. When compared with other similar suburbs such as Shorncliffe, Wilston or Camp Hill, all of which have median house prices over $800,000, Cannon Hill is a much more affordable prospect. Given Cannon Hill’s relative affordability, it is increasingly in demand. You definitely need to secure your pre-purchase property inspection – before all the good ones are gone!
Consider Seven Hills for a similar suburb nearby!
Book your pre-purchase property inspection, Cannon Hill buyers!
It is essential that you ensure the home you’re dreaming about in Cannon Hill is money well spent. As with any property, you need to ensure you’re in the know about any potential disasters before you commit to anything – and the easiest way to do this is with a building and pest inspection. Cannon Hill is a great place for professionals and young families, and a great place to call home – and with a property and building inspection, you can make sure you pick the right house!