Investment property in Hermit Park has done poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of -8.09%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Hermit Park has fallen somewhat when compared to the 5 year average annual rate.
At number 189th of QLD’s most discounted properties, Hermit Park is in the bottom 30% of the state/territory when listing in order of most discounted to least.
On average over the past year, suburb has had 3.67 sales per month, which equates to 44 per year.
With the median price for a house in Hermit Park being $335000 and the advertised rent reaching $320 the gross rental yield for property investors calculates out to be 4.97%
QLD has seen average median house prices change by 0.77% which means that Hermit Park, 4812 has done well for property investors by showing a capital gain of 9.76% over the last year
A -20.35% growth in median value for property investors in Hermit Park,4812 puts this suburb at number 16th in terms of best performing suburbs in QLD
The most recent median price for Hermit Park is $180000, with sellers offering an average of -17.50% off the asking price.
Residents and property investors in Hermit Park have been waiting around 129.92 days to sell a property.