AREA REPORTS

Hermit Park

 

 

QLD/
Hermit park

Suburb Profile

Hermit Park - FREE SUBURB PROFILE REPORT
POSTAL CODE: QLD,4812

house
unit

Property investors in HERMIT PARK enjoyed capital gains of 3.37% 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 $344,750.

Profits due to an downward trend in home prices there averaged -2.23% per annum over a 3-year period.

Home owners selling their properties and realtors in HERMIT PARK usually have to wait an average of 73.6 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $330 mark, reflecting a 4.98% increase in returns based on the current median price in HERMIT PARK.

HERMIT PARK, 4812 places 420th in Australia based on median property value growth during the quarter.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $344,750 $160,000
GROWTH REPORT
Median Quarterly 0.22% 3.23%
Median 12 month 3.37% 24.51%
Median 3 years -6.7% -5.88%
Median 5 years -11.6% -11.11%
10 years average annual -0.99% -3.3%
Weekly media advert. rent $330 $220
Time on Market 73.6 days 64.9 days
Gross Rental Yield Percent 4.98% 7.15%
demographics (median values)
Total Population
3444
Weekly Household Income
896.3
Household Size
2.10
demographics
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