Suburb Profile Report for Hermit Park QLD (4812)

Hermit Park House: Median price $276,000, Annual capital growth -2.52%, Number of sales 22, Weekly median advertised rent $350

Hermit Park Unit: Median price $122,500, Annual capital growth -4.79%, Number of sales 16, Weekly median advertised rent $250

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

Source: Monthly data update for Feb 2020 as supplied by CoreLogic. Data is reported to the period ending Nov 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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Property investors who have had real estate in Hermit Park, 4812 should be unhappy with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -16.36%

Taking the average capital gain, or increase in median house value, Hermit Park,4812 has racked up an average of -16.36% over the period. This ranks it number 3933th in the whole country for real estate investors looking at median house price increases.

In the last year 22 properties changed hands in Hermit Park, which puts it as the 652th most active market in QLD when comparing the number of sales per suburb.

Situated 1109.58km from the CBD, Hermit Park is one of Townsville (C) localities in the postcode 4812.

With a capital gain of -23.44% for the last 12 months, Hermit Park, 4812 has performed for property investments than its average annual -4.79% property growth over the last 5 years.

When looking at the potential capital gains offered to property investors over the last 3 years, Hermit Park comes in at number 315th in QLD.

In the last year 16 properties changed hands in Hermit Park, which puts it as the 257th most active market in QLD when comparing the number of sales per suburb.

Renters in Suburb are facing rents around $13000 per annum or $250 every week.

Information supplied by:




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Hermit Park, QLD – House prices falling in Townsville

Postcode: 4812

Median house price: $317,500

Three-year growth: -7.4%

Rental yield: 5.7%

The Townsville suburb of Hermit Park is a mixed-use suburb with residential, commercial and industrial areas. It also contains public service offices, and residents enjoy its proximity to the Townsville CBD, which is less than 10 minutes away.

There is a private hospital in the suburb, the Mater Women’s and Children’s Hospital. There is also a local library supported by the Family History Association of North Queensland. Hermit Park State School and Saint Margaret Mary’s College are established in this suburb as well. Rising Sun and Hermit Park Shopping Centre are the two shopping hubs in Hermit Park.

While rental houses can generate returns of 5.7% on average, prices are declining consistently.

Metrics i HOUSE UNIT
$276,000 $122,500
-4.83% -2.00%
-16.36% -23.44%
-2.52% -4.79%
$350 $250
22 16
6.59% 10.61%
87.7142857142857 N/A

Source: Monthly data update for Feb 2020 as supplied by CoreLogic. Data is reported to the period ending Nov 2019. Please note that property sales data is routinely updated, so may change retrospectively.

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