If you're looking for a 4170 postcode without the significant price tag it comes with, Cannon Hill is the affordable inner-east Brisbane suburb for you.
Buyers eager to reside in Brisbane’s inner east often think of Norman Park, Morningside or Camp Hill as their destination suburbs. However, upon viewing properties, find they would rather not compromise their budget for smaller houses or plot sizes.
Enter Cannon Hill - bordering Morningside and Norman Park and still only 20 minutes from Brisbane’s CBD, with considerable house sizes and budget-friendly price tags that are difficult to turn down.
What's the catch?
Cannon Hill provides a great alternative for a community/executive lifestyle, proven by its booming property market. In recent years, this hidden-gem of a suburb has enabled median property prices to grow from $550,000 in 2013, to $730,000 in June this year.
This shows that more and more buyers are realising this suburb’s potential.
If you’re looking for value for money, we recommend you act now and secure a great investment in this evolving suburb. Cannon Hill offers great value for money with a mix of new builds, large plot sizes and older homes, all in attractive price ranges.
Place Bulimba agent, Meagan Muir recently sold 62 Beauvardia street, Cannon Hill - a 5-bedroom, 3-bathroom home which sold within 24 hours. A new build by Next Generation Builders, buyers were eager to snap up this brand new contemporary home prior to it going to auction.
"Cannon Hill is allowing families to upgrade to their dream home. Often priced out the surrounding suburbs of Camp Hill and Norman Park, where similar homes reach north of $1.8 million, Cannon Hill provides great value for money.”
Meagan has one crucial piece of advice: “If you are looking to upgrade, now is the time to secure great opportunities, before properties reach the pricing levels of their neighbouring suburbs - it won't be long!”
Cannon Hill is the affordable Brisbane suburb to upgrade your family home, offering the budget friendly, greener pastures you’ve been looking for. While the market has boomed in recent years, the suburb presents an abundance of opportunities to snap up a newly-built or post-war family home.
If you’re interested in learning more about Cannon Hill, check out our suburb profile here.
