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 $309,000.
Profits due to an downward trend in home prices there averaged -4.72% per annum over a 3-year period.
Home owners selling their properties and realtors in HERMIT PARK usually have to wait an average of 73.1 days days before their assets are lifted off the market.
Average weekly rents on listings have reached the $310 mark, reflecting a 5.22% increase in returns based on the current median price in HERMIT PARK.
HERMIT PARK, 4812 places 748th in Australia based on median property value growth during the quarter.
Figures from the previous quarter show that capital gains for real estate buyers in HERMIT PARK are high, as opposed to average gains per annum over the past five years.
Real estate investors could earn a rental income of $200 based on current median home prices for the suburb.
Average weekly rents on listings have reached the $200 mark, reflecting a 8.16% increase in returns based on the current median price in HERMIT PARK.
HERMIT PARK, 4812 ranks 343rd in QLD in terms of median property value increase and capital gains, based on year-to-date figures.
HERMIT PARK ranks 10th on the list of best yielding suburbs for rental properties in QLD, posting a 8.16% return.
Love these helping hints. I bought a...
Yawn.... yeah, why not. Remove negative...
Lol, APRA and the RC are going to send...
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