Suburb Profile Report for Hermit Park QLD (4812)

Hermit Park House: Median price $295,000, Annual capital growth -2.23%, Number of sales 28, Weekly median advertised rent $350

Hermit Park Unit: Median price $125,000, Annual capital growth -5.13%, Number of sales 14, Weekly median advertised rent $230

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

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

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  • House Report
  • Unit Report

Giving property investors a a poor capital gain of -11.94% for the last year, Hermit Park, 4812 is the 3574th highest performer in Australia in this respect.

Across a shorter period, Hermit Park, 4812 has seen a median price increase of -12.27% over the last quarter.

LACK OF BUYER INTEREST may well be the reason that Hermit Park is offering property investors an average of -7.01. This rate of discount on properties puts Suburb at number 70th in terms of most discounted suburbs in QLD

Advertised rents are around the $350 mark per week – giving a return of 6.17% based on the median price in Suburb

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 -18.03%

If we look at median property appreciation over just the last three months, Hermit Park has given property investors a paper return of -16.67%. This puts Suburb as 318 on a list of fastest fasting appreciating suburbs in QLD

Information supplied by:




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Sudden boost in Townsville suburb

Postcode: 4812

Median unit price: $155,000

Three-year growth: -8.8%

Rental yield: 7.4%

A primarily residential suburb located in Townsville, Hermit Park saw a remarkable boost in unit prices of 33% in the year to February 2019, bringing the median price past $150,000. Nonetheless, this suburb has traditionally been in the red, and the February 2019 showed values dipping back down by 6.1%.

The suburb is home to the private Mater Women’s and Children’s Hospital, as well as a number of medical centres. Hermit Park State School is established here, along with Saint Margaret Mary’s College. Thus, it could be a good spot for families with children who are looking for affordability. There are also two shopping centres in the suburb, namely, Rising Sun and Hermit Park Shopping Centre.

Metrics i HOUSE UNIT
$295,000 $125,000
-12.27% -16.67%
-11.94% -18.03%
-2.23% -5.13%
$350 $230
28 14
6.17% 9.57%
76.8095238095238 N/A

Source: Monthly data update for Nov 2019 as supplied by CoreLogic. Data is reported to the period ending Aug 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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