Is Cannon Hill a nice place to live?

Cannon Hill's local shopping precinct on Wynnum Road, extensive parks and sports fields, and a railway station on the Cleveland line are among the suburb's most notable features. It is a young community with incomes above the Queensland median, and couple families with children are the largest family group at 46.9%. Daily needs are met by cafes, small businesses and a compact shopping centre, while green corridors and waterways provide walking and cycling options and bus connections run through the suburb; the Minnippi Golf & Range has opened, providing an 18-hole public course and a 20-bay driving range.

Is it expensive to live in Cannon Hill?

A typical local household earned about $2,357 a week at the most recent Census. Against that, Cannon Hill's median house price of $1,630,000 works out to about 13.3 times a typical local annual household income, and the median unit price of $845,000 is about 6.9 times that income. That puts buying, especially a house, well above local incomes. Renting tells a different story: an average house rent of $850 a week would take about 36% of a typical local household's weekly income, a sizeable share, while an average unit rent of $680 a week would take about 29%, a moderate share. 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.

Is Cannon Hill a good place to invest?

The most striking movements in Cannon Hill over the past 12 months are strong rises in property values: unit values are up 19.0% and house values are up 16.1%. Rents also increased, with unit rents rising 8.8% and house rents rising 6.2%. In practical terms, capital growth, shown by those value changes, outpaced rental income for both houses and units, and units recorded the larger increases in both value and rent. 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.

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Cannon Hill suburb profile

Cannon Hill is an inner-eastern Brisbane suburb with a mix of tree-lined streets and pockets of recent infill. Character Queenslanders and single-storey brick homes sit alongside low-rise apartment blocks and townhouses, giving the suburb a residential feel. Parks and sports fields are interwoven with domestic streets, so outdoor recreation is a marked feature.

A local shopping precinct along Wynnum Road and a small shopping centre provide for daily needs, while cafes and small businesses add local convenience. Cannon Hill railway station on the Cleveland line and bus routes connect the suburb to the city, and green corridors and waterways nearby provide walking and cycling options.

Cannon Hill property market performance

Current median dwelling price$1,237,500Past 3 months

Property growth+17.5%Past 12 months

Cannon Hill's median house price is $1.63 million, a sharp 16.1% rise over the last 12 months; units have a $845,000 median and rose strongly by 19.0%.

Unit values rose faster than house values, though that unit rise is based on only 16 sales over the last 3 months. In Cannon Hill, unit rents rose 8.8% over the last 12 months, a solid increase, and unit values outpaced rents.

	Houses	Units
Median price Past 3 months	$1.63M	$845K
Change in value Past 12 months	16.1%	19.0%
Sold Past 3 months	19	16
Median days on market Past 12 months	23	26
Average rent Past 12 months	$850	$680
Change in rent Past 12 months	6.3%	8.8%

5 year median price trend for houses and units

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Cannon Hill demographics

Cannon Hill has incomes above the median for Queensland and is a young community.

Couples with children are the largest family group at 46.9%, and most homes are owner-occupied (61.4%). At the 2021 Census, 6,701 people lived in Cannon Hill.

Cannon Hill and Queensland

	Suburb	QLD
Median age years	34	38
Median household income weekly	$2,357	$1,675
Couples with children share of families	46.9%	41.2%
Couples without children share of families	38.8%	40.3%
One-parent families share of families	11.8%	16.8%
Homes owned outright share of homes	22.9%	30.1%
Homes with a mortgage share of homes	38.5%	35.6%
Homes rented share of homes	38.6%	34.3%

Source: ABS 2021 Census. Shares of homes exclude other and not-stated tenure.

Cannon Hill infrastructure, key developments and investment opportunities

Cannon Hill's Minnippi Golf & Range (formerly the Cannon Hill Community Links project) opened in 2023, delivering an 18-hole public golf course and a 20-bay driving range. The suburb's Cannon Hill train station upgrade was officially opened in April 2022 and includes a new pedestrian footbridge with lift access.

Brisbane City Council progressed the Cannon Hill Centre Suburban Renewal Precinct plan in 2026, beginning background investigations and inviting initial community feedback. The Queensland Transport and Roads Investment Program also lists a Cannon Hill Shopping Centre bus station upgrade, recorded in 2023 as being at the pre-business case stage.

Suburbs near Cannon Hill

Some popular suburbs near Cannon Hill include:

How does Cannon Hill compare to nearby suburbs?

Median house prices: Cannon Hill’s median house price is 24.3% higher than Murarrie’s.
Median unit prices: Cannon Hill’s median unit price is 1.3% lower than Murarrie’s.
House price growth: Over the past 12 months, house prices in Cannon Hill have grown 4.9% higher than in Murarrie.
Unit price growth: Over the past 12 months, unit prices in Cannon Hill have grown 4.8% higher than in Carina Heights.
Selling speed for houses: Properties in Cannon Hill are selling 36.1% faster than in Seven Hills.
Selling speed for units: Properties in nearby Murarrie are selling 19.2% faster than in Cannon Hill.
Investment considerations: In Cannon Hill, the rental yield for house is 18.7% higher than the Brisbane average, while the rental yield for units is 3.3% higher.
House price growth: Over the past 12 months, house prices in Cannon Hill have grown 37.6% higher than the average rate of growth across Brisbane.
Unit price growth:Over the past 12 months, unit prices in Cannon Hill have grown 2.1% higher than the average rate of growth for units across Brisbane.

Common questions about Cannon Hill

Is Cannon Hill a nice place to live?
Cannon Hill's local shopping precinct on Wynnum Road, extensive parks and sports fields, and a railway station on the Cleveland line are among the suburb's most notable features.

It is a young community with incomes above the Queensland median, and couple families with children are the largest family group at 46.9%. Daily needs are met by cafes, small businesses and a compact shopping centre, while green corridors and waterways provide walking and cycling options and bus connections run through the suburb; the Minnippi Golf & Range has opened, providing an 18-hole public course and a 20-bay driving range.
Is it expensive to live in Cannon Hill?
A typical local household earned about $2,357 a week at the most recent Census. Against that, Cannon Hill's median house price of $1,630,000 works out to about 13.3 times a typical local annual household income, and the median unit price of $845,000 is about 6.9 times that income. That puts buying, especially a house, well above local incomes.

Renting tells a different story: an average house rent of $850 a week would take about 36% of a typical local household's weekly income, a sizeable share, while an average unit rent of $680 a week would take about 29%, a moderate share. 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.
Is Cannon Hill a good place to invest?
The most striking movements in Cannon Hill over the past 12 months are strong rises in property values: unit values are up 19.0% and house values are up 16.1%. Rents also increased, with unit rents rising 8.8% and house rents rising 6.2%.

In practical terms, capital growth, shown by those value changes, outpaced rental income for both houses and units, and units recorded the larger increases in both value and rent.

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.

Choose the right real estate agents in Cannon Hill

In Cannon Hill ,55 agents are actively selling property, but a small number do the heavy lifting. Just 5 agents handled 58.0% of all sales in the past year, giving them a strong presence and deep experience in the local market.

Commission rates usually sit between 2.47% and 3.01%. Comparing agents and understanding what’s included in their fee structure can help you find the right mix of service, value, and motivation—without compromising on outcomes.