Suburb Profile Report for Hermit Park QLD (4812)

Hermit Park House: Median price $354,000, Annual capital growth -0.30%, Number of sales 80, Weekly median advertised rent $360

Hermit Park Unit: Median price $176,500, Annual capital growth -1.52%, Number of sales 50, Weekly median advertised rent $270

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

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

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If you compare the increase in value of investment property in Hermit Park, 4812 to the rest of Australia, it performed around average. The median increase in value, or capital gain property investors experienced for this QLD suburb was 14.19%.

A 3.28% growth in median value for property investors in Hermit Park,4812 puts this suburb at number 759th 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 -4.90. This rate of discount on properties puts Suburb at number 59th in terms of most discounted suburbs in QLD

A $360 per week rent on the median house gives suburb investors a gross yield of circa 5.29%, without taking into account capital value appreciation, which has been averaging out at -0.30%.

Investment property in Hermit Park has done well for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 41.20%

Across a shorter period, Hermit Park, 4812 has seen a median price increase of 3.82% over the last quarter.

Hermit Park, 4812 is offering QLD ‘s 12th 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.

On average over the past year, suburb has had 4.17 sales per month, which equates to 50 per year.

Advertised rents are around the $270 mark per week – giving a return of 7.95% based on the median price in Suburb

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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
$354,000 $176,500
1.00% 3.82%
14.19% 41.20%
-0.30% -1.52%
$360 $270
80 50
5.29% 7.95%
50.2857142857143 95.2432432432432

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

DSR Score for property investment : Very good (H), Good (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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