Hermit Park vs Newtown

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

For units, Hermit Park sits at a median of $390K against $590K in Newtown, which makes Hermit Park the more affordable unit market and Newtown the pricier one.

Over the past year house prices moved +17.5% in Hermit Park and +18.4% in Newtown, so recent momentum favours Newtown, although both suburbs recorded growth.

Looking back three years, Hermit Park houses are +60.2% and Newtown houses +60.0%, so Hermit Park has compounded faster than Newtown over the longer window.

Rental vacancy is 0.9% in Newtown and 1.1% in Hermit Park, so landlords in Newtown face less competition for tenants. Anything under 2% is generally read as a tight market where tenants compete for homes.

Newtown is the bigger suburb, with a population of 10,039 against 3,512, roughly 2.9 times the size of Hermit Park; a larger suburb usually means a deeper pool of buyers and tenants.

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