Hermitage Flat is a quiet locality in New South Wales within the Lithgow local government area (postcode 2790). With a population of 323, the suburb has a mature demographic with a median age of 48. Households earn a median income of $51K per year, with an average household size of 2 people. The most common occupations are technicians & trades, clerical & administrative, labourers. The top ancestries reported are English, Australian, Scottish.
The median house price in Hermitage Flat is $630,000, having surged 57.5% over the past year. The current median weekly rent is $450. This gives a gross rental yield of approximately 3.7%. The median monthly mortgage repayment is $1,170.
Public transport access includes 7 bus stops. The crime rate in the Lithgow LGA is moderate at 4,769 incidents per 100,000 population.
From an investment perspective, Hermitage Flat offers a gross rental yield of 3.7%, rated as moderate yield. Property prices sit below the state median ($630K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 12.4x is considered stretched. House prices have moved +57.5% year-on-year.
Hermitage Flat is a quiet locality in New South Wales within the Lithgow local government area (postcode 2790). With a population of 323, the suburb has a mature demographic with a median age of 48. Households earn a median income of $51K per year, with an average household size of 2 people. The most common occupations are technicians & trades, clerical & administrative, labourers. The top ancestries reported are English, Australian, Scottish.
The median house price in Hermitage Flat is $630,000, having surged 57.5% over the past year. The current median weekly rent is $450. This gives a gross rental yield of approximately 3.7%. The median monthly mortgage repayment is $1,170.
Public transport access includes 7 bus stops. The crime rate in the Lithgow LGA is moderate at 4,769 incidents per 100,000 population.
From an investment perspective, Hermitage Flat offers a gross rental yield of 3.7%, rated as moderate yield. Property prices sit below the state median ($630K/$1.5M), suggesting a potential value opportunity. The price-to-income ratio of 12.4x is considered stretched. House prices have moved +57.5% year-on-year.