Suburb Profile Report for Hermit Park QLD (4812)

Hermit Park House: Median price $338,000, Annual capital growth 1.71%, Number of sales 46, Weekly median advertised rent $320

Hermit Park Unit: Median price $180,000, Annual capital growth 1.03%, Number of sales 17, Weekly median advertised rent $240

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

Source: CoreLogic

  • House Report
  • Unit Report

If you compare the increase in value of investment property in Hermit Park, 4812 to the rest of Australia, it performed poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was -5.78%.

Over the longer term, Hermit Park has seen property prices show investors a -6.50% return over the last 3 years. This is an improvement over the last 12 months

Property investors looking for a bargain in Hermit Park should be aiming for at least -8.67% off the asking price, which is the average vendor discount being achieved at the moment.

On average over the past year, suburb has had 3.83 sales per month, which equates to 46 per year.

Renters in Suburb are facing rents around $3840 per annum or $320 every week.

If you compare the increase in value of investment property in Hermit Park, 4812 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this QLD suburb was 15.38%.

When looking at the potential capital gains offered to property investors over the last 3 years, Hermit Park comes in at number 317th in QLD.

At number 3rd of QLD’s most discounted properties, Hermit Park is in the bottom 10% of the state/territory when listing in order of most discounted to least.

On average over the past year, suburb has had 1.42 sales per month, which equates to 17 per year.

Renters in Suburb are facing rents around $2880 per annum or $240 every week.

HOUSE UNIT
$338,000 $180,000
-1.60% 2.86%
-5.78% 15.38%
1.71% 1.03%
$320 $240
46 17
4.92% 6.93%
89.53 115.75

Source: CoreLogic

DSR Score for property investment : Balanced (H), Balanced (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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