Suburb Profile Report for Hermit Park QLD (4812)

Hermit Park House: Median price $347,500, Annual capital growth 0.82%, Number of sales 50, Weekly median advertised rent $320

Hermit Park Unit: Median price $157,500, Annual capital growth -1.18%, Number of sales 15, Weekly median advertised rent $220

  • 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 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%

Metrics i HOUSE UNIT
$347,500 $157,500
0.72% -1.56%
1.16% -7.35%
0.82% -1.18%
$320 $220
50 15
4.79% 7.26%
78.3 124.33

Source: CoreLogic

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