Hermit Park is a smaller suburb in Queensland within the Townsville local government area (postcode 4812). With a population of 3,512, the suburb has a mix of young professionals and families with a median age of 36. Households earn a median income of $72K per year, with an average household size of 2.1 people. The most common occupations are professionals, community & personal service, technicians & trades. The top ancestries reported are English, Australian, Irish.

The median house price in Hermit Park is $510,000, having surged 13.3% over the past year. Units have a median price of $245,000 (+19.5% YoY). The current median weekly rent is $400. This gives a gross rental yield of approximately 4.1%. The median monthly mortgage repayment is $1,406.

The crime rate in the Townsville LGA is higher than average at 10,770 incidents per 100,000 population.

From an investment perspective, Hermit Park offers a gross rental yield of 4.1%, rated as moderate yield. Property prices sit below the state median ($510K/$1.1M), suggesting a potential value opportunity. The price-to-income ratio of 7.1x is considered moderate. House prices have moved +13.3% year-on-year.