Property investors who have had real estate in Hermit Park, 4812 should be relatively unhappy with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices unmoved in value by 0.00%
Comparing Hermit Park,4812 ‘s 5year and quarterly average capital gain offered to property investors, it performed better across the longer period
Property investors looking for a bargain in Hermit Park should be aiming for at least -10.10% off the asking price, which is the average vendor discount being achieved at the moment.
Often selling an investment property can take time, and in Hermit Park the average time real estate has been on the market is 67.9 days.
Hermit Park, 4812’s gross rental yield is 4.60%
With a capital gain of -20.32% for the last 12 months, Hermit Park, 4812 has performed for property investments than its average annual -6.45% property growth over the last 5 years.
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 14th of QLD’s most discounted properties, Hermit Park is in the bottom 10% of the state/territory when listing in order of most discounted to least.
In the last year 16 properties changed hands in Hermit Park, which puts it as the 330th most active market in QLD when comparing the number of sales per suburb.