Buy new apartments in Cannon Hill
An integrated residential and commercial precinct with urban village living. See below for our currently available apartments.
Cannon Hill, May 2016
1 bedroom from: $330,000
2 bedroom from: $455,000
Cannon Hill, TBC
1 bedroom from: $340,000
2 bedroom from: $419,900
Previously largely undeveloped, this inner Eastern suburb is now making the most of it's location; close to the city, but with a suburban feel.
Walk score and features:
With a walk score of 61, Cannon Hill is currently less walkable than most popular suburbs for apartments in Brisbane. However, the amount of upcoming development is likely to change this in the next 2-3 years. East Village, currently under construction by the same group who created The Emporium in Fortitude Valley, will bring an influx of jobs to the area, as well as maintain rental demand in the area. For owner occupiers, it offers a leafy suburban feel, just down the road from riverside (and far more expensive) suburbs such as Bulimba and Hawthorne.
With a median age of 35, and an average household size of 2.5, Cannon Hill has traditionally been home to owner occupiers with young families. This is set to change with ongoing development in the area.
At a median apartment price of $461,000 and 12 month growth of 9.6%, coupled with consistent returns of 5% rental yield, Cannon Hill offers investors an affordable low cost investment opportunity with above average yields.
Benefits of buying in Cannon Hill include:
7km from the CBD and close proximity to Westfield Carindale and Bulimba urban village
Close to public transportation
Developing urban village with boutique retail shops, dining and cinema facilities
- Luxurious, open plan apartments
- Close to schools
- Relaxed, suburban lifestyle