Suburb Profiles
Cannon Hill (4170)
Owner-Occupier Appeal
Cannon Hill is one of Brisbane’s strongest middle-ring lifestyle suburbs, appealing to young professionals, families, and downsizers alike. Just 6–7 km from the CBD, it offers a mix of post-war homes on generous blocks, new townhouses, and boutique apartment projects. Families are drawn to Cannon Hill Anglican College (CHAC) and nearby public schools, while professionals value the quick CBD commute and access to major employment hubs. Local cafés, parklands, and proximity to Bulimba’s Oxford Street add to its appeal.
The trade-off is that prices are higher than outer suburbs, and older housing stock may need updating. Streets close to Wynnum Road can be busy with traffic. For owner-occupiers, it suits those who want convenience and lifestyle without paying inner-south Bulimba or Hawthorne prices.
Investor Appeal
Cannon Hill has a diverse tenant base - professionals commuting to the city, families attracted to schools, and younger renters wanting lifestyle at a more affordable price point than Bulimba. Townhouses and boutique units see consistent rental demand, while free-standing homes on larger blocks attract family tenants. Yields are moderate rather than high, but vacancy rates are typically low.
The main caution is supply risk in higher-density apartment complexes, where body corporate costs can bite and growth may lag. Overall, Cannon Hill is a balanced investor suburb with solid long-term growth, but property selection is key.
Key Suburb Features
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Demographics
Cannon Hill is a mix of professionals, families, and established long-term residents. Employment trends lean towards white-collar jobs in the CBD or local commercial hubs. The suburb is gradually gentrifying, with younger buyers moving in to renovate older homes. Rental demand comes from professionals and small families, so investors can expect reliable tenants, but it’s not a student-heavy or transient market.
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Distance to City
At just 6–7 km from the CBD, Cannon Hill is highly accessible. The suburb has its own train station on the Cleveland line, giving direct access to the city in around 20 minutes. Multiple bus routes along Wynnum Road and Old Cleveland Road also serve commuters. Road access is straightforward, though traffic can be heavy at peak times.
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Suburb Projects & Growth Potential
Cannon Hill has transformed from a light industrial pocket into one of Brisbane’s most dynamic mixed-use growth areas. Its appeal lies in affordability relative to neighbouring suburbs like Morningside and Bulimba, combined with excellent transport links and new residential and retail development.
Recent and ongoing projects include medium-density townhouse and apartment developments around the Cannon Hill train station and Metro Shopping Centre, and continued evolution of the East Village precinct, which blends dining, retail, and lifestyle options. This has improved the suburb’s liveability and positioned it as a key urban renewal corridor for Brisbane’s east.
Investor interest remains strong due to steady rental demand from young professionals and small families, supported by proximity to employment hubs at Murarrie Business Park, the Port of Brisbane, and the CBD (around 15 minutes by car). With limited detached housing supply and ongoing zoning changes favouring infill development, Cannon Hill offers a balanced mix of capital growth and rental yield potential over the medium term.
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Flood Risk
Cannon Hill has pockets of low-lying land, particularly closer to Bulimba Creek, that can be exposed in heavy rain or flood events. However, much of the suburb is elevated and unaffected. Buyers should review flood overlays carefully depending on the street.
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Best Buy in the Suburb
House: Renovated post-war or brick homes on larger blocks in quiet streets, close to schools.
Townhouse/Unit: Low-density boutique townhouse developments within walking distance of the train station. Avoid larger high-rise apartment complexes.
Cannon Hill is one of those rare suburbs that appeals to both owner-occupiers and investors. It’s convenient, well-connected, and has strong schools, which ticks a lot of boxes. For investors, I’d steer clear of high-density apartments and stick to houses or boutique townhouses that align with the suburb’s family/professional demographic. It’s not the cheapest suburb, but the fundamentals are strong, and long-term growth looks steady.
