Hermit Park vs One Mile
Property investment comparison - Hermit Park, QLD 4812 vs One Mile, QLD 4305
Head-to-head across core investment metrics: Hermit Park wins 1, One Mile wins 3. The better choice depends on whether you're optimising for cash flow, growth, affordability, or liquidity, the table below highlights the winner on each metric.
| Metric | Hermit Park | One Mile |
|---|---|---|
| Median house price | $730K | $730K |
| Median unit price | $390K | - |
| Gross rental yield (houses) | - | 3.71% |
| Gross rental yield (units) | 5.60% | 4.13% |
| 1-year house growth | +17.5% | +17.8% |
| 3-year house growth | +60.2% | +67.3% |
| Vacancy rate | 1.1% | 0.3% |
| Population | 3,512 | 2,038 |
Hermit Park vs One Mile: what the numbers say
Houses cost about the same in both suburbs: the median house price is $730K in Hermit Park and $730K in One Mile.
Over the past year house prices moved +17.5% in Hermit Park and +17.8% in One Mile, so recent momentum favours One Mile, although both suburbs recorded growth.
Looking back three years, Hermit Park houses are +60.2% and One Mile houses +67.3%, so One Mile has compounded faster than Hermit Park over the longer window.
Rental vacancy is 0.3% in One Mile and 1.1% in Hermit Park, so landlords in One Mile 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 2,038, larger than One Mile; a larger suburb usually means a deeper pool of buyers and tenants.
In short: One Mile for recent price momentum, One Mile for the tighter rental market. Which matters more depends on whether the investor is buying for cash flow, capital growth or affordability.
Keep exploring
- National investment guide - top suburbs across every metric
- Take the suburb finder quiz - 5 questions to match your goals
- How our investment score works
- Property investment glossary - every term defined
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