Hermit Park vs Julago

Houses cost about the same in both suburbs: the median house price is $730K in Hermit Park and $730K in Julago.

For units, Hermit Park sits at a median of $390K against $465K in Julago, which makes Hermit Park the more affordable unit market and Julago the pricier one.

Over the past year house prices moved +17.5% in Hermit Park and +16.4% in Julago, so recent momentum favours Hermit Park, although both suburbs recorded growth.

Looking back three years, Hermit Park houses are +60.2% and Julago houses +60.3%, so Julago has compounded faster than Hermit Park over the longer window.

Rental vacancy is 1.1% in Hermit Park and 2.1% in Julago, so landlords in Hermit Park face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Hermit Park is the bigger suburb, with a population of 3,512 against 384, roughly 9 times the size of Julago; a larger suburb usually means a deeper pool of buyers and tenants.

In short: Hermit Park for recent price momentum, Hermit Park for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.