At number 3543th in the list of Australian suburbs ordered by increase in median house value over the last year, Hermit Park, 4812 is in the BOTTOM 20% with a property value increase of -5.42% recorded in median house prices.
Across a shorter period, Hermit Park, 4812 has seen a median price increase of -0.80% over the last quarter.
Property buyers and investors in Hermit Park 4812 should be seeing an average reduction in asking price of around -7.98% . This means that Hermit Park is holding prices well when compared to other suburbs in QLD.
At number 1803 in a list of fastest selling suburbs, Hermit Park is just in the top half of suburbs in Australia with an average of days on market 79.65 for properties listed there.
Using the current median advertised rental of $305 and the average annual increase in value of a median property of 0.87%, investors should hope to achieve an overall return of 4.66%
QLD has seen average median house prices change by 0.98% which means that Hermit Park, 4812 has done well for property investors by showing a capital gain of -7.35% over the last year
A -30.00% growth in median value for property investors in Hermit Park,4812 puts this suburb at number 332th in terms of best performing suburbs in QLD
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.14% offered to property buyers. Sellers in Hermit Park itself are offering an average vendor discount of -20.33% to real estate investors.
At number 1431 in a list of fastest selling suburbs, Hermit Park is in the bottom 10% of suburbs in Australia with an average of days on market 146.41 for properties listed there.
Advertised rents are around the $220 mark per week – giving a return of 7.26% based on the median price in Suburb