8/21 Bombery Street, Cannon Hill QLD 4170
8/21 Bombery Street, Cannon Hill QLD 4170
2-bed unit Cannon Hill | 80mยฒ built 2016 | dual living zones | school catchment edge | low-density site
This unit sits in a small 33-unit complex from 2016, which is rare for Cannon Hill’s newer stock. The 80mยฒ internal footprint is generous for a two-bedroom apartment, and the dual bathroom configuration gives it genuine appeal to owner-occupiers or tenants seeking separation. Its position within Balmoral High catchment adds a premium for families, while the absence of flood or bushfire overlay reduces insurance friction. The building’s average tenure of just over three years suggests reasonable owner stability, not a transient investor block.
The main risk is the lot sizeโ80mยฒ with no balcony or courtyard depth means limited outdoor amenity. That caps appeal for downsizers who want garden space. The estimated value sits above recent comparable sales in the same building around $730k, so the buyer is paying for condition and recency. There is no structural edge here, only a well-finished unit in a functional location. Hold it as a low-maintenance residence or a stable rental in a corridor with steady demand from the school and hospital workforce.
Independent, Unbiased Research Report for this property by PropCred Analyst teamย
Market Insight:
Cannon Hill offers a balanced market with divergent trends: house prices have softened (-2% to +10%), while units have surged over 13% annually. Demand is driven by its proximity to Brisbane CBD and strong rental appeal, particularly for units which offer higher yields (3.9%-5.03%). The market is active, with houses selling in 23-57 days. Future growth is underpinned by infrastructure improvements and revitalisation projects, though the house market’s recent volatility warrants attention.