East Village Cannon Hill: What the $1.5 Billion Masterplan Means for Buyers

Big changes could be on the way for Cannon Hill. Anthony John Group has lodged a revised masterplan with Brisbane City Council for East Village, the mixed use precinct on Wynnum Road right next to Cannon Hill Plaza. The developer puts the full vision at more than $1.5 billion, with new apartments, shops, offices and over 12,000 square metres of parklands and public spaces.

If you’ve been keeping an eye on Brisbane’s inner east, this is one worth understanding. Below we’ve put together a simple rundown of what’s been proposed, what it could mean for the local market and a few things to keep in mind if you’re thinking about buying in the area.

What’s been proposed at East Village

East Village has been growing for a while now. The Courtyards townhomes and The Quarters apartments are already finished, and the latest apartment stage, Vila, is reported to be more than 70% sold with early works underway.

The revised masterplan shows how the rest of the 5.975 hectare site could take shape. Here are the key numbers:

• Around 1,065 new homes, made up of one, two and three bedroom apartments
• Buildings averaging 16 storeys, with a 25 storey landmark building on the corner of Wynnum Road and Creek Road
• Roughly 23,745 square metres of retail and commercial space, including 9,500 square metres of offices
• More than 12,000 square metres of parks, plazas and a central boulevard

It’s worth knowing the masterplan is a framework rather than a final approval. Each future stage will need its own development application and the developer has said it will consult with the local community over the coming months. So while the vision is exciting, some of the detail may change along the way.

The next building: 127 apartments

Alongside the masterplan, a separate application has gone in for the next residential building, known as Stage 1D. Designed by architects bureau^proberts, it would include:

• 127 apartments (15 one bedroom, 50 two bedroom and 62 three bedroom) across 16 residential levels
• Shops and cafes on the ground floor, opening onto a new plaza
• Over 1,000 square metres of shared resident spaces, including a rooftop infinity pool, sauna andsteam rooms, a library and work from home rooms
• 243 car spaces over four basement levels, plus 159 bike spaces

The developer says more than half of the apartments would enjoy uninterrupted city skyline views. What stood out to us is that almost half of the homes are three bedrooms. That points to strong demand from families and downsizers who want plenty of space without the upkeep of a house.

Why Cannon Hill is on buyers’ radar

Cannon Hill has quietly become one of the most talked about suburbs in Brisbane’s east, and it’s easy to see why. It’s close to the city, has two train stations within walking distance of East Village (Cannon Hill and Murarrie are both about a 15 minute walk) and buses stop right at the precinct’s door.

There’s also plenty happening nearby. East Village sits between Cannon Hill Plaza and Southgate Corporate Park, so shopping and local jobs are right on the doorstep. On top of that, Council has flagged renewal plans for the Cannon Hill Centre and more apartment projects are popping up along Wynnum Road.

Put together, the heart of Cannon Hill looks set to change a lot over the next decade. Projects like these usually bring more cafes, shops and green space, which can make a suburb even more appealing to live in and rent in.

What it could mean for home buyers and investors

For home buyers, more parks, plazas and dining options close by can make day to day life that bit easier and more enjoyable. Established homes in the surrounding streets could also benefit as the area becomes more of a destination. Just keep in mind a project this size will be built in stages over many years, so there may be some construction noise and extra traffic along the way.

For investors, better amenity and good transport links tend to attract quality tenants. At the same time, around 1,065 new apartments will add to the supply of rentals and resales over time. That doesn’t make it a bad thing, it just means choosing the right property matters even more. Homes that are harder to replicate, like houses on good blocks or apartments in smaller, well run buildings, often hold their appeal best when new supply arrives.

If you’re thinking about buying off the plan, it’s worth understanding how it works before signing. Settlement could be a few years away, your finance and the property’s valuation are assessed closer to completion and things like body corporate fees are still estimates. None of this is a reason to rule it out, it’s simply about going in with your eyes open.

Our tips if you’re looking at Cannon Hill

1. Think long term. A masterplan like this rolls out over many years, so look at where the suburb is heading, not just where it is today.
2. Look for what’s scarce. As more apartments arrive, properties that are hard to replicate tend to stand out.
3. Do your homework on off the plan. Read the contract carefully, check the sunset clause and get advice on finance and valuations early.
4. Keep an eye on the details. You can follow the application (A007133853) on Brisbane City Council’s Development.i website as it moves through assessment.
5. Talk to someone local. The right advice can save you time, money and a lot of second guessing.

How PMC can help

Our Brisbane team spends every day in the market and keeps a close eye on projects like East Village, so our clients always know what’s happening around them. Whether you’re buying your first home, upsizing for the family or adding to your investment portfolio, we’ll help you find the right property and negotiate the best outcome.

Thinking about Cannon Hill or Brisbane’s inner east? Get in touch with our team for a friendly, no pressure chat.

This article is general information only and isn’t financial advice. Project details are based on the development application lodged with Brisbane City Council in October 2026, as reported by Brisbane Development, and are subject to change and approval.

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