THREE long-term Cannon Hill residents are determined not to sell their homes to property developers offering million-dollar-deals for land zoned for high-density development.

Developers are lining up to buy homes within the River Gateway Neighbourhood Plan on Wynnum Rd, Creek Rd, Ludwick and Pickwick streets.

Creek Rd resident Shirley Clarke is one of three homeowners who knocked back approaches by real estate agents to sell her home of 50 years over the past three months.

She refuses to sell the home she watched her six kids grow up in.

“I don’t want to move. What’s the good in moving out?” she said.

Mrs Clarke remembers when the Cannon Hill shopping centre was just farm land and only two cars a day drove past her house.

A Ludwick St resident who begrudgingly sold their home of 40 years said the rear access developments would dramatically increase traffic.

Developers are spending top dollar for potential multi-million dollar windfalls while savvy neighbours sell adjacent blocks as packages to cash in on the bonanza.

Developers have paid $1.3 million for a double block – almost twice the land’s value.

According to RP Data 10 properties have sold for $200,000 more than their individual value.

It is believed some double blocks yet to settle sold for upwards of $1.7 million.

media_camera Artist impression of 1049 Wynnum Rd development.

Cannon Hill’s transformation from suburbia to high density development is under way, but Doboy councillor Ryan Murphy has reminded homeowners they cannot be forced into selling.

The proposed five-storey unit developments on Wynnum Rd face the $600 million East Village project and include restaurants, office space and recreational areas.

The rezoning is part of Brisbane City Council’s River Gateway Neighbourhood Plan, which was introduced in 2012.

Cr Murphy said no homeowner were being forced out of their homes.

He said sales were completely market driven.

“These new developments will drive economic growth in our area, bringing jobs and prosperity to the eastern suburbs,” he said.

Tobin real estate agent Craig Loudon said the developments would positively impact on property prices around Cannon Hill.