Suburb Profile Report for Hermit Park QLD (4812)

Hermit Park House: Median price $340,000, Annual capital growth 0.62%, Number of sales 49, Weekly median advertised rent $320

Hermit Park Unit: Median price $162,500, Annual capital growth -1.06%, Number of sales 12, Weekly median advertised rent $220

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Giving property investors a an unimpressive capital gain of -2.86% for the last year, Hermit Park, 4812 is the 3342th highest performer in Australia in this respect.

Hermit Park,4812 was ranked 3129 in Australia by increase in median property value over the quarter.

LACK OF BUYER INTEREST may well be the reason that Hermit Park is offering property investors an average of -7.16. This rate of discount on properties puts Suburb at number 165th in terms of most discounted suburbs in QLD

Often selling an investment property can take time, and in Hermit Park the average time real estate has been on the market is 81.5 days.

With a capital gain of -0.91% for the last 12 months, Hermit Park, 4812 has performed for property investments than its average annual -1.06% property growth over the last 5 years.

Taking the average capital gain, or increase in median house value, Hermit Park,4812 has racked up an average of -0.91% over the period. This ranks it number 1607th in the whole country for real estate investors looking at median house price increases.

Property buyers and investors in Hermit Park 4812 should be seeing an average reduction in asking price of around -17.78% . This means that Hermit Park is holding prices well when compared to other suburbs in QLD.

Hermit Park is 22th on a list of best yielding suburbs for rents in QLD with a 7.04% return

Metrics i HOUSE UNIT
$340,000 $162,500
-0.73% 3.17%
-2.86% -0.91%
0.62% -1.06%
$320 $220
49 12
4.89% 7.04%
81.5 155.6

Source: CoreLogic

DSR Score for property investment : Balanced (H), Below average (U)
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Demographics
Total population 3520
Median household income ($/weekly) 1060
Median age of persons 35
Median housing loan repayment ($/monthly) 1627
Average household size 2.1
  • Census Count Percent(%)
    5-14 years 359 10.2
    20-24 years 350 9.9
    25-34 years 573 16.3
    35-44 years 541 15.4
    45-54 years 518 14.7
    Others 1180 33.5
    Age Group
    Census Count Percent(%)
    Not Married 1310 51.8
    Registered Married 818 32.3
    Defacto Relationship 403 15.9
    Social Marital Status
  • Census Count Percent(%)
    Australia 2693 83.4
    Papua New Guinea 104 3.2
    Philippines 52 1.6
    United Kingdom 115 3.6
    Other 92 2.9
    Others 172 5.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 53 1.7
    Christianity 2136 69.1
    Hinduism 15 0.5
    Other Religious Groups 20 0.6
    No Religion 856 27.7
    Others 9 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 136 10.2
    $600-$799 142 10.7
    $800-$999 155 11.7
    $1,000-$1,249 133 10.0
    $1,500-$1,999 147 11.1
    Others 614 46.3
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1209 44.7
    Not in the labour force 737 27.3
    Employed, worked part-time 520 19.2
    Employed, away from work 121 4.5
    Unemployed, looking for work 115 4.3
    Person Characteristics
  • Census Count Percent(%)
    Professionals 412 22.3
    Technicians & trades workers 297 16.1
    Community & personal service workers 197 10.7
    Clerical & administrative workers 230 12.5
    Sales 192 10.4
    Others 519 28.1
    Occupation
    Census Count Percent(%)
    Infants/Primary 248 36.0
    Secondary 132 19.2
    Technical or Further Educational Institution 70 10.2
    University or other Tertiary Institutions 193 28.0
    Other type of educational institution 27 3.9
    Others 19 2.8
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 1900 59.5
    Semi-detached, row or terrace house, townhouse 953 29.8
    Flat, unit or apartment 332 10.4
    House or flat attached to a shop, office 8 0.3
    Caravan, cabin, houseboat 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 729 49.9
    Being purchased 426 29.2
    Fully owned 293 20.1
    Other tenure type 13 0.9
    Tenure Type
Census 2011, ABS
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Recent sales & rentals