QLD has seen average median house prices change by 1.98% which means that Ormeau, 4208 has done well for property investors by showing a capital gain of 2.66% over the last year
Over the longer term, Ormeau has seen property prices show investors a 13.90% return over the last 3 years. This is worse than over the last 12 months
Our latest figures would indicate that property sellers in Ormeau are currently offering property investors an average price cut of -4.10% below the asking price at the moment.
At number 1261 in a list of fastest selling suburbs, Ormeau is in the TOP 40% of suburbs in Australia with an average of days on market 66.7 for properties listed there.
With the median price for a house in Ormeau being $463000 and the advertised rent reaching $440 the gross rental yield for property investors calculates out to be 4.94%
Over the last year, property investments in Ormeau, 4208 have given investors a capital gain of -0.57%. This compares averagely with the 0.77% for QLD as a whole.
The five-year average increase in median property values for Ormeau,4208 has given property investors a potential capital gain of -0.57% across each of those five years.
Sellers are offering property buyers an average discount of -5.53% to buyers in Ormeau at the moment, which is less than average for the rest of QLD.
With the median price for a house in Ormeau being $348000 and the advertised rent reaching $385 the gross rental yield for property investors calculates out to be 5.75%