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Hermit Park

Suburb Profile

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

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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 22.74%.

Property investors in HERMIT PARK enjoyed capital gains of 22.74% 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 $340,000.

Profits due to an upward trend in home prices there averaged 0% per annum over a 3-year period.

Home owners selling their properties and realtors in HERMIT PARK usually have to wait an average of 68.8 days days before their assets are lifted off the market.

Average weekly rents on listings have reached the $300 mark, reflecting a 4.59% increase in returns based on the current median price in HERMIT PARK.

HERMIT PARK, 4812 places 409th 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 $340,000 $132,500
GROWTH REPORT
Median Quarterly 2.1% 0.95%
Median 12 month 22.74% 6%
Median 3 years 0% 2.71%
Median 5 years -8.11% -19.45%
10 years average annual -0.85% -4.36%
Weekly media advert. rent $300 $250
Time on Market 68.8 days 98.4 days
Gross Rental Yield Percent 4.59% 9.81%
demographics (median values)
Total Population
3444
Weekly Household Income
896.3
Household Size
2.10
demographics
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Top 10 Birth Countries
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Household Income
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