Hemmant

POSTAL CODE: QLD, 4174
HOUSE

Based on its average 5-year and quarterly capital gains, the suburb saw average growth in the long term.

The suburb also delivered a stronger performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $1,085,000.

The upward trend in home prices in HEMMANT, 4174 averaged 11.59% per annum over a 3-year period.

Average weekly rents on listings have reached the $740 mark, reflecting a 3.55% increase in returns based on the current median price in HEMMANT.

An average of 4.25 real estate transactions take place per month in HEMMANT which translates to 51 per annum.

51 properties were sold in HEMMANT in 2016, making it the 250th most active market in QLD based on total real estate transactions.

HEMMANT, 4174 places 338th in Australia based on median property value growth during the quarter.

Surburb overview

Hemmant is a riverside suburb located approximately 11 kilometres east of Brisbane's central business district.

Covering an area of about 6.8 square kilometres, Hemmant is bounded by the Brisbane River to the north and Bulimba Creek to the west.

The suburb is well-connected by public transport, with the Hemmant railway station providing regular services to Brisbane and Cleveland.

As of the 2016 census, Hemmant had a population of 2,385 residents, with a median age of 35. The area is predominantly residential, with a significant portion dedicated to industrial use, mainly north of the railway lines, influenced by its proximity to the Port of Brisbane.

In terms of property, the median house price in Hemmant is approximately $970,000, with an annual capital growth of 21.25%. Rental yields for houses are around 3.83%, with a median weekly rent of $700.

The suburb offers several parks, covering nearly 10.5% of its area and providing residents with recreational spaces.

Educational facilities include the Hemmant Flexible Learning Centre, catering to secondary students.

While no government schools exist in Hemmant, nearby suburbs such as Murarrie, Tingalpa, and Wynnum provide primary and secondary education options.

For spiritual needs, St Joseph the Worker Church offers regular services to the community.

The Hemmant Quarry Reserve, located adjacent to Tingalpa, provides walking tracks and picnic facilities, enhancing the suburb's recreational offerings.

Hemmant combines residential living with industrial activity, supported by essential amenities and recreational spaces. It is a balanced suburb near Brisbane's CBD.

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