Hermit Park vs Hyde Park: true annual running costs compared (2026)
Last updated July 2026 · council rates 2026-27 (QLD), ATO 88c/km, Translink fares, AER electricity benchmarks
Hermit Park and Hyde Park are both Townsville City Council suburbs, sitting 3 km and 2.9 km from Brisbane CBD respectively, and are commonly compared by buyers weighing up running costs within the same council area.
The two sit within $32 a year of each other to run, so running cost is a minor factor here — the decision comes down to schools, risk and lifestyle, all in the free report.
Over 10 years these two cost about the same to run. The difference here isn't money — it's location, schools and lifestyle.
Get the free report: 10-year costs, flood & fire risk, crime, schools and overall verdict →Hermit Park
Hyde Park
Annual cost breakdown
| Category | Hermit Park | Hyde Park | Difference |
|---|---|---|---|
| Council rates | $1,343 | $1,343 | - |
| Water & sewerage | $2,099 | $2,099 | - |
| Commute (driving) | $976 | $944 | +$32 |
| Commute (public transport) | $192 | $192 | - |
| Home insurance | $4,200 | $4,200 | - |
| Body corporate (unit) | $3,200 | $2,800 | +$400 |
| Total (driving) | $8,618 | $8,586 | +$32 |
| Total (public transport) | $7,834 | $7,834 | - |
Green = cheaper. Commute: ATO 88c/km, 220 working days. Insurance AI-estimated; actual premiums vary. Council rates: minimum residential general rate (QLD).
| Dwelling | Hermit Park | Hyde Park | Difference |
|---|---|---|---|
| House | $2,218 | $2,218 | - |
| Unit | $1,773 | $1,773 | - |
Estimated from AER residential benchmarks for each suburb's climate zone at 2025 rates (QLD 30c/kWh, NSW 33c/kWh incl. supply charge; unit ≈ 75% of a house). Get the free report for a breakdown by your exact number of occupants.
Cost breakdown chart
Annual cost breakdown — Hermit Park vs Hyde Park (2026-27)
What the numbers show
Hermit Park and Hyde Park cost within $32 of each other annually by car. Over ten years with 3% annual growth the gap reaches roughly $367, making running cost a minor factor in the decision.
The biggest single gap is commute costs at $32 per year. Hermit Park is 3 km from Brisbane CBD, which drives higher annual driving costs at the ATO rate of 88c/km.
On public transport the two suburbs cost almost the same, $7,834 and $7,834 a year, so the $32 driving gap nearly closes if you commute by public transport.
10-year cumulative cost projection
| Year | Hermit Park cumulative | Hyde Park cumulative | Difference |
|---|---|---|---|
| Year 1 | $8,618 | $8,586 | $32 |
| Year 3 | $26,637 | $26,538 | $99 |
| Year 5 | $45,754 | $45,584 | $170 |
| Year 10 | $98,796 | $98,429 | $367 |
Assumes 3% annual cost growth. Excludes purchase price, mortgage, and personal expenses.
Frequently asked questions
Is Hermit Park or Hyde Park cheaper to live in?
Hyde Park is cheaper to run by car at $8,586 per year versus $8,618 for Hermit Park, a difference of $32 annually. Figures cover council rates, water, commute (ATO 88c/km), and home insurance. Source: SuburbCost 2026 data.
What are council rates in Hermit Park and Hyde Park?
Annual council rates for a house are $1,343 in Hermit Park (Townsville City Council) and $1,343 in Hyde Park (Townsville City Council). Water and sewerage adds $2,099 in Hermit Park and $2,099 in Hyde Park. Both figures are the minimum residential general rate; properties on higher land value pay more.
How does the commute cost compare between Hermit Park and Hyde Park?
Annual driving commute costs are $976 from Hermit Park and $944 from Hyde Park to Brisbane CBD (ATO 88c/km). Public transport costs $192 from Hermit Park and $192 from Hyde Park.
What is the 10-year cost difference between Hermit Park and Hyde Park?
At 3% annual cost growth, Hermit Park costs a cumulative $98,796 and Hyde Park costs $98,429 over 10 years by car. The cumulative difference is $367 in favour of Hyde Park. Excludes purchase price, mortgage, and personal expenses.
Which of Hermit Park and Hyde Park is best to actually live in?
You've got the costs. Get the free personalised report for the rest: a clear verdict on which suburb wins, the full flood, fire and crime risk profile, nearest schools, estimated electricity cost by number of occupants, and your own loan or rent stress-tested over 10 years. No spam.
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Sources: Townsville City Council and Townsville City Council rate data, water utility pricing (QLD: Queensland Urban Utilities / Unitywater; NSW: Sydney Water / Hunter Water), ATO 88c/km, and SuburbCost AI insurance estimates. Data updated July 2026.