Hermit Park (postcode 4812) is a smaller residential area in Queensland within the Townsville local government area. It is home to about 3,512 residents, with a mix of young professionals and families and a median age of 36. Households earn a median income of $72K per year, with an average household size of 2.1 people. Recent annual estimates show population movement staying broadly stable across the broader catchment, with population growth running at +1.1% year-on-year at the LGA level. QLD employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. QLD also had 32 Commonwealth-backed major projects under construction, 12 underway, and 50 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are professionals, community & personal service, technicians & trades. Employment in the area leans toward healthcare and public admin & safety. The top ancestries reported are English, Australian, Irish.
Median house prices in Hermit Park stand at $510,000, having climbed sharply by 13.3% over the last twelve months. Units have a median price of $245,000 (+19.5% YoY). The current median weekly rent is $450. This gives a gross rental yield of approximately 4.6%. The median monthly mortgage repayment is $1,406.
The crime rate in the Townsville LGA is higher than average at 10,578 incidents per 100,000 population.
From an investment perspective, Hermit Park shows a gross rental yield of approximately 4.6%, rated as moderate yield. Property prices sit below the state median ($510K/$1.1M), which can point to relative value. The price-to-income ratio of 7.1x is considered moderate. House prices have moved +13.3% year-on-year. Population growth of +1.1% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.