Hermit Park, Queensland mortgagee apartment sold for $85,000 loss
Staff reporterDecember 7, 2020
A two bedroom one bathroom Hermit Park mortgagee unit has sold for $120,000.
The sale marks a $86,000 reduction on its previous sale price.
Dayne Watson and John Bowen of First National held the listing.
Situated at 1/18 Armstrong Street, it is part of a six apartment complex.
Set on 55 sqm, the property comes with a lockup garage.
Last sold for $206,000 the property transacted in 2008.
The median price for a unit in Hermit Park is $125,000, according to CoreLogic, which calculate its annual change in median price over the past 10 years as -3.6%.