Suburb Profile Report for Hermit Park QLD (4812)

Hermit Park House: Median price $340,000, Annual capital growth 0.87%, Number of sales 53, Weekly median advertised rent $305

Hermit Park Unit: Median price $157,500, Annual capital growth -0.96%, 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

At number 3543th in the list of Australian suburbs ordered by increase in median house value over the last year, Hermit Park, 4812 is in the BOTTOM 20% with a property value increase of -5.42% recorded in median house prices.

Across a shorter period, Hermit Park, 4812 has seen a median price increase of -0.80% over the last quarter.

Property buyers and investors in Hermit Park 4812 should be seeing an average reduction in asking price of around -7.98% . This means that Hermit Park is holding prices well when compared to other suburbs in QLD.

At number 1803 in a list of fastest selling suburbs, Hermit Park is just in the top half of suburbs in Australia with an average of days on market 79.65 for properties listed there.

Using the current median advertised rental of $305 and the average annual increase in value of a median property of 0.87%, investors should hope to achieve an overall return of 4.66%

QLD has seen average median house prices change by 0.98% which means that Hermit Park, 4812 has done well for property investors by showing a capital gain of -7.35% over the last year

A -30.00% growth in median value for property investors in Hermit Park,4812 puts this suburb at number 332th in terms of best performing suburbs in QLD

State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.14% offered to property buyers. Sellers in Hermit Park itself are offering an average vendor discount of -20.33% to real estate investors.

At number 1431 in a list of fastest selling suburbs, Hermit Park is in the bottom 10% of suburbs in Australia with an average of days on market 146.41 for properties listed there.

Advertised rents are around the $220 mark per week – giving a return of 7.26% based on the median price in Suburb

HOUSE UNIT
$340,000 $157,500
-0.80% -7.35%
-5.42% -7.35%
0.87% -0.96%
$305 $220
53 12
4.66% 7.26%
79.65 146.41

Source: CoreLogic

DSR Score for property investment : Balanced (H), Below average (U)
Find a mortgage broker in Hermit Park QLD
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
Chart Table
Recent sales & rentals