Thinking about buying in Hemmant? Now could not be a better time, with a whopping 2178 properties either residential or commercial there's certainly plenty to choose from.
The average property price for this area is $643,000 with prices in this suburb ranging from $298,000 to $1,070,000.Distance to the coast is 3 Km.
Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Hemmant due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. A mix of professions and above average income earners in Hemmant provides good demand. The lower than average housing turnover of these people also means fewer regular listings leading to periodic large price increases. High density population in Hemmant requires consistent turnover in housing ensuring constant demand. Housing styles may be a mix of low, medium, and high density, providing choice for well-financed buyers and value growth over time. High industry presence in the wider area is a double-edged sword. While local employment options are high, the presence of industrial buildings may negatively impact lifestyle perception. Demand from first home buyers and investors however ensures good price growth.
|Median Weekly Rent||$456.38|
|Median Monthly Mortgage||$1775.38|
|Median Persons Per Bedroom||0.89|
|Average Household Size||2.88|
|Average Cars Per Dwelling||2.54|
|Average Properties Within 50M||11.00|
|50 YOUNGS RD, HEMMANT, QLD, 4174||3||1||2||Offers over $679,000|
|21 WELLS PL, HEMMANT, QLD, 4174||4||2||2||Offers over $800,000|
|34 PINNIBAR ST, HEMMANT, QLD, 4174||3||1||1||Auction|
|26 GLENWOOD PL, HEMMANT, QLD, 4174||4||2||4||Under Contract|
Hemmant Flexible Learning Centre(While the above schools are located with the suburb of Hemmant there may also be nearby schools whose catchments cover this suburb)
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source: Australian Government Bureau of Meteorology
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