If you compare the increase in value of investment property in Hermit Park, 4812 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was 1.16%.
A -3.47% growth in median value for property investors in Hermit Park,4812 puts this suburb at number 405th in terms of best performing suburbs in QLD
LACK OF BUYER INTEREST may well be the reason that Hermit Park is offering property investors an average of -7.21. This rate of discount on properties puts Suburb at number 191th in terms of most discounted suburbs in QLD
Hermit Park is 341th on a list of best yielding suburbs for rents in QLD with a 4.79% return
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 -7.35%.
While Hermit Park,4812 ranked number 247th in QLD for increase in median house value (annualised) increase, it is ranked 301th over the last 5 years.
Hermit Park, 4812 is offering QLD ‘s 2nd most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 10% of discounts offered by this QLD.
In the last year 15 properties changed hands in Hermit Park, which puts it as the 339th most active market in QLD when comparing the number of sales per suburb.
With the median price for a house in Hermit Park being $157500 and the advertised rent reaching $220 the gross rental yield for property investors calculates out to be 7.26%