Suburb Profile Report for Ormiston QLD (4160)

Ormiston House: Median price $650,000, Annual capital growth 3.51%, Number of sales 107, Weekly median advertised rent $498

Ormiston Unit: Median price $390,000, Annual capital growth 5.26%, Number of sales 58, Weekly median advertised rent $373

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

Source: CoreLogic

  • House Report
  • Unit Report

Ormiston, 4160 ranked 698th in QLD when comparing growth in median property values or capital gain over the last 12 months. Ormiston is one of 2415 in our list for QLD

Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Ormiston has increased when compared to the 5 year average annual rate.

Property buyers and investors in Ormiston 4160 should be seeing an average reduction in asking price of around -4.77% . This means that Ormiston is holding prices well when compared to other suburbs in QLD.

At number 1245 in a list of fastest selling suburbs, Ormiston is in the TOP 40% of suburbs in Australia with an average of days on market 65.53 for properties listed there.

With the median price for a house in Ormiston being $650000 and the advertised rent reaching $497.5 the gross rental yield for property investors calculates out to be 3.98%

With a capital gain of 2.90% for the last 12 months, Ormiston, 4160 has performed for property investments than its average annual 5.26% property growth over the last 5 years.

Across a shorter period, Ormiston, 4160 has seen a median price increase of 0.00% over the last quarter.

At number 241th of QLD’s most discounted properties, Ormiston is in the TOP 30% of the state/territory when listing in order of most discounted to least.

Using the current median advertised rental of $372.5 and the average annual increase in value of a median property of 5.26%, investors should hope to achieve an overall return of 4.97%

Metrics i HOUSE UNIT
$650,000 $390,000
4.84% 0.00%
-4.39% 2.90%
3.51% 5.26%
$498 $373
107 58
3.98% 4.97%
65.53 62.2

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