Suburb Profile Report for Ormiston QLD (4160)

Ormiston House: Median price $672,000, Annual capital growth 4.09%, Number of sales 102, Weekly median advertised rent $500

Ormiston Unit: Median price $402,000, Annual capital growth 5.35%, Number of sales 48, Weekly median advertised rent $375

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

Ormiston has had a A very good year for property investment returns compared to the rest of QLD, giving investors a capital gain of 11.07% to date .

Over the longer term, Ormiston has seen property prices show investors a 24.97% return over the last 3 years. This is worse than over the last 12 months

State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.86% offered to property buyers. Sellers in Ormiston itself are offering an average vendor discount of -4.16% to real estate investors.

At number 1091 in a list of fastest selling suburbs, Ormiston is in the TOP 30% of suburbs in Australia with an average of days on market 57.47 for properties listed there.

With a capital gain of 3.08% for the last 12 months, Ormiston, 4160 has performed for property investments than its average annual 5.35% property growth over the last 5 years.

If we look at median property appreciation over just the last three months, Ormiston has given property investors a paper return of 7.63%. This puts Suburb as 22 on a list of fastest fasting appreciating suburbs in QLD

Property investors looking for a bargain in Ormiston should be aiming for at least -3.21% off the asking price, which is the average vendor discount being achieved at the moment.

A $375 per week rent on the median house gives suburb investors a gross yield of circa 4.85%, without taking into account capital value appreciation, which has been averaging out at 5.35%.

Metrics i HOUSE UNIT
$672,000 $402,000
3.38% 7.63%
11.07% 3.08%
4.09% 5.35%
$500 $375
102 48
3.87% 4.85%
57.47 89.27

Source: CoreLogic

DSR Score for property investment : Above average (H), Above average (U)
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Demographics
Total population 5641
Median household income ($/weekly) 1444
Median age of persons 44
Median housing loan repayment ($/monthly) 2000
Average household size 2.6
  • Census Count Percent(%)
    5-14 years 769 13.6
    35-44 years 713 12.6
    45-54 years 959 17.0
    55-64 years 742 13.2
    65-74 years 487 8.6
    Others 1971 34.9
    Age Group
    Census Count Percent(%)
    Registered Married 2387 55.0
    Not Married 1645 37.9
    Defacto Relationship 311 7.2
    Social Marital Status
  • Census Count Percent(%)
    Australia 3797 69.3
    Papua New Guinea 312 5.7
    South Africa 188 3.4
    United Kingdom 669 12.2
    Other 174 3.2
    Others 342 6.2
    Country of Birth
    Census Count Percent(%)
    Buddhism 80 1.5
    Christianity 4000 75.1
    Hinduism 19 0.4
    Other Religious Groups 33 0.6
    No Religion 1169 22.0
    Others 24 0.5
    Religious Affiliation
  • Census Count Percent(%)
    $400-$599 173 9.3
    $600-$799 160 8.6
    $1,500-$1,999 204 11.0
    $2,000-$2,499 200 10.8
    $2,500-$2,999 206 11.1
    Others 909 49.1
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 1742 38.6
    Not in the labour force 1532 33.9
    Employed, worked part-time 914 20.2
    Employed, away from work 182 4.0
    Unemployed, looking for work 147 3.3
    Person Characteristics
  • Census Count Percent(%)
    Managers 410 14.5
    Professionals 662 23.4
    Technicians & trades workers 363 12.8
    Community & personal service workers 284 10.0
    Clerical & administrative workers 472 16.6
    Others 644 22.7
    Occupation
    Census Count Percent(%)
    Pre-school 59 4.3
    Infants/Primary 504 37.0
    Secondary 421 30.9
    Technical or Further Educational Institution 117 8.6
    University or other Tertiary Institutions 239 17.5
    Others 23 1.7
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4768 87.6
    Semi-detached, row or terrace house, townhouse 662 12.2
    Flat, unit or apartment 13 0.2
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Fully owned 883 43.1
    Being purchased 734 35.8
    Rented 406 19.8
    Other tenure type 25 1.2
    Tenure Type
Census 2011, ABS
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Recent sales & rentals