Get a property report and suburb profile for any property in Cannon Hill

Cannon Hill is an established, leafy eastern Brisbane suburb with a mix of post-war weatherboard and brick homes alongside modern townhouses and some apartment pockets, giving streets a varied but settled feel. Bulimba Creek and local parks create green corridors for walking and cycling, and a local shopping strip and amenities cover needs while the larger Carindale precinct is nearby.

Home to 6,701 people with a median age of 34, Cannon Hill is weighted towards couple families and has a majority of owner-occupiers, while renters represent 38.6% of dwellings. Regular train and bus services connect the suburb with the city and the bayside, and Queensland Rail's station accessibility upgrade delivered a pedestrian footbridge with lifts, raised boarding platforms, extended shelters and a bicycle enclosure. Council-led renewal and walking and shared-path projects are under way. With its schools, parks and transport, Cannon Hill is popular with families and commuters; whether it suits you depends on your needs.

Buying a house in Cannon Hill sits well above what local households earned at the last Census. The suburb's median house price of $2,089,000 works out to about 17.0 times a typical local annual household income at the last Census. On the rental side, a house at $850 a week would take about 36.1% of a typical local household's weekly income at the last Census, while a unit at $675 a week would take about 28.7%.

On these figures, buying is considerably more stretched against local incomes, while renting would take a sizeable share for a house and a moderate share for a unit. Which of those feels expensive will depend on your own income and circumstances.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Over the past 12 months in Cannon Hill both house and unit values posted strong gains: median house values rose 17.7% while median unit values rose 18.6%. Rents increased too but by a smaller margin, with house rents up 9.0% and unit rents up 8.9%.

Put simply, the numbers show larger price (capital) growth than rental growth for both property types, with unit values nudging ahead of house values while rents rose at almost the same pace. If rental income is your priority, the solid rent rises are the figure to watch; if capital growth matters more, the strong value gains are the relevant movement. Whether that pattern makes Cannon Hill a suitable investment for you depends on your objectives and personal circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.