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Hermit Park, QLD 4812
Suburb profile: median house and unit prices, rental yield, capital growth, vacancy and demographics
Data updated
Median House
$730,000
market range $675K-$800K
Median Unit
$390,000
market range $350K-$425K
Gross Yield (units)
5.6%
1yr Growth (houses)
+17.5%
market range +10.0% to +22.5%
Investment snapshot for Hermit Park
Hermit Park has enough public data for first-pass screening across yield, vacancy, price and supply signals.
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Hermit Park market and investor summary
In Hermit Park, QLD 4812, the median house sells for around $730K. House prices have moved +17.5% over the past year and +60.2% over three years. At 1.1% vacancy, it is a tight rental market that favours landlords.
Rental demand looks steady, with vacancy at 1.1% and a resident base that is not shrinking.
Living in Hermit Park: people, income and schools
About 3,512 people live in Hermit Park, a number that has held fairly steady over five years. At a median age of 36, it reads as broadly working-age, and families account for 58% of households.
The typical household income runs to around $72,000 a year (about $1,380 a week). On socio-economic measures it ranks toward the more disadvantaged end of the ABS advantage index (3 out of 10). At current prices a median house runs to a steep 10.2 times local household income, so affordability is a genuine constraint on local buyers. Incomes have risen about 18% over five years, which tends to underpin what local buyers can pay.
Families have 37 schools within roughly 5km to choose from, testing close to the national school average on ICSEA. It is fairly car-dependent; the suburb scores 11 for walkability and 40 for transit out of 100. Fixed broadband is delivered over the NBN's Fibre to the Premises.
- Population
- 3,512
- +2% over 5yr
- Median age
- 36 years
- Median household income
- $72,000/yr
- Households renting
- 48%
- Family households
- 58%
- Socio-economic rank
- 3/10
- ABS advantage index
- Schools within 5km
- 37
- avg ICSEA 983
- Unemployment
- 8.1%
- Walk score
- 11/100
Demographic, school and socio-economic figures are sourced from the ABS Census, SEIFA and ACARA. Property metrics reflect PropRadar's latest data.
Properties in Hermit Park
View all →Frequently asked questions about Hermit Park
What should I check before investing in Hermit Park?
Hermit Park has enough public data for first-pass screening across yield, vacancy, price and supply signals. Solid unit gross rental yield of 5.6%, giving a stronger rent-to-price starting point than many suburbs. Capital growth of +17.5% in the past year shows strong recent price momentum. Compare those signals with nearby suburbs and individual listings before relying on the suburb-level view.
What are typical property prices in Hermit Park?
The median property price in Hermit Park, QLD 4812 is $730K for houses and $390K for units.
What rental yield does Hermit Park show?
The gross rental yield in Hermit Park is 5.6% for units. Gross yield is calculated as annual rent divided by property price, and it doesn't account for expenses or tax.
What does recent house price growth show for Hermit Park?
House prices in Hermit Park are up 17.5% over the past year and up 60.2% over three years. Capital growth is a key driver of total investment return, so pair it with rental yield to get a full picture.
How tight is the rental market in Hermit Park?
The current vacancy rate in Hermit Park is 1.1%. A rate under 2% generally signals a tight rental market. This suburb's rental market is very tight, with landlords typically holding strong bargaining power and low rental downtime.
How many people live in Hermit Park?
Hermit Park has a population of approximately 3,512 residents, with a median age of 36.
What schools are near Hermit Park?
There are 37 schools within roughly 5km of Hermit Park. Their average ICSEA is close to the national mean of 1000. ICSEA is the ABS measure of a school community's socio-educational advantage.
Is Hermit Park affordable to buy in?
A median house in Hermit Park costs about 10.2 times the median local household income (a high multiple that makes the suburb a stretch for median local earners). The ratio compares the median house price with annual household income; it is a rough affordability gauge, not a substitute for your own borrowing assessment.
Is Hermit Park's population growing?
The population of Hermit Park has grown modestly, about 2% over five years. Population growth feeds underlying housing demand, so it is worth weighing alongside price and yield.
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