Hermit Park

POSTAL CODE: QLD, 4812

HOUSE

UNIT

Homeowners and real estate investors betting on HERMIT PARK, 4812 can rest assured about this QLD suburb's performance. The suburb saw median home prices rise by 26.34%.

A steady increase in median property prices over a five-year period in the suburb translates to a 61.71% capital gain.

Property investors in HERMIT PARK enjoyed capital gains of 26.34% over the last 12 months translating to lower returns compared with its peers in the territory.

The suburb also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $707,500.

Profits due to an upward trend in home prices there averaged 20.57% per annum over a 3-year period.

Home owners selling their properties and realtors in HERMIT PARK usually have to wait an average of 42 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $537.5 mark, reflecting a 3.95% increase in returns based on the current median price in HERMIT PARK.

HERMIT PARK, 4812 places 422nd in Australia based on median property value growth during the quarter.

Property investors in HERMIT PARK enjoyed capital gains of 24.79% over the last 12 months translating to lower returns compared with its peers in the territory.

Figures from the previous quarter show that capital gains for real estate buyers in HERMIT PARK are low, as opposed to average gains per annum over the past five years.

HERMIT PARK posted a 90.95% growth in median prices over a three-year period. This is considerably higher than the gains it recorded over the past year.

Real estate investors could earn a rental income of $420 based on current median home prices for the suburb.

Average weekly rents on listings have reached the $420 mark, reflecting a 5.75% increase in returns based on the current median price in HERMIT PARK.

HERMIT PARK, 4812 ranks 83rd in QLD in terms of median property value increase and capital gains, based on year-to-date figures.

HERMIT PARK ranks 43rd on the list of best yielding suburbs for rental properties in QLD, posting a 5.75% return.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$707,500	$380,000
Growth Report
Median Quarterly	3.66%	5.19%
Median 12 month	26.34%	24.79%
Median 3 years	61.71%	90.95%
Median 5 years	99.86%	111.11%
10 years average annual	8.16%	10.08%
Weekly media advert. rent	$538	$420
Time on Market	42 days	24.6 days
Gross Rental Yield Percent	3.95%	5.75%

Demographics (Median Values)*

Total Population 3444

Weekly Household Income 896.3

Household Size 2.10

Average Age 34

Monthly Loan Repayment 1200

* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.

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