Suburb Profile Report for Ormeau QLD (4208)

Ormeau House: Median price $470,000, Annual capital growth 1.77%, Number of sales 247, Weekly median advertised rent $440

Ormeau Unit: Median price $358,000, Annual capital growth 1.47%, Number of sales 49, Weekly median advertised rent $380

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

Source: CoreLogic

  • House Report
  • Unit Report

With a capital gain of 1.08% for the last 12 months, Ormeau, 4208 has performed for property investments than its average annual 1.77% property growth over the last 5 years.

Comparing Ormeau,4208 ‘s 5year and quarterly average capital gain offered to property investors, it performed less well across the longer period

LACK OF BUYER INTEREST may well be the reason that Ormeau is offering property investors an average of -6.98. This rate of discount on properties puts Suburb at number 747th in terms of most discounted suburbs in QLD

At number 1562 in a list of fastest selling suburbs, Ormeau is just in the top half of suburbs in Australia with an average of days on market 68.86 for properties listed there.

Situated 41.05km from the CBD, Ormeau is one of Gold Coast localities in the postcode 4208.

Ormeau has had a pretty average year for property investment returns compared to the rest of QLD, giving investors a capital gain of 1.56% to date .

Ormeau,4208 was ranked 845 in Australia by increase in median property value over the quarter.

Ormeau, 4208 is offering QLD ‘s 267th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 20% of discounts offered by this QLD.

Residents and property investors in Ormeau have been waiting around 73.62 days to sell a property.

Property investors should expect to get $380 weekly from the median priced house in this suburb.

Metrics i HOUSE UNIT
$470,000 $358,000
0.00% 0.85%
1.08% 1.56%
1.77% 1.47%
$440 $380
247 49
4.87% 5.52%
68.86 73.62

Source: CoreLogic

DSR Score for property investment : Good (U), Above average (H)
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Demographics
Total population 12438
Median household income ($/weekly) 1589
Median age of persons 31
Median housing loan repayment ($/monthly) 2383
Average household size 3.1
  • Census Count Percent(%)
    0-4 years 1277 10.3
    5-14 years 2283 18.4
    25-34 years 2069 16.6
    35-44 years 2048 16.5
    45-54 years 1430 11.5
    Others 3332 26.8
    Age Group
    Census Count Percent(%)
    Registered Married 4635 55.8
    Not Married 2486 29.9
    Defacto Relationship 1191 14.3
    Social Marital Status
  • Census Count Percent(%)
    Australia 8810 73.6
    Papua New Guinea 1270 10.6
    South Africa 201 1.7
    United Kingdom 872 7.3
    Other 278 2.3
    Others 546 4.6
    Country of Birth
    Census Count Percent(%)
    Buddhism 96 0.8
    Christianity 8063 70.5
    Hinduism 41 0.4
    Other Religious Groups 35 0.3
    No Religion 3165 27.7
    Others 29 0.3
    Religious Affiliation
  • Census Count Percent(%)
    $1,000-$1,249 337 9.5
    $1,250-$1,499 339 9.5
    $1,500-$1,999 659 18.5
    $2,000-$2,499 512 14.4
    $2,500-$2,999 333 9.4
    Others 1381 38.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 4070 47.6
    Not in the labour force 2238 26.2
    Employed, worked part-time 1591 18.6
    Unemployed, looking for work 345 4.0
    Employed, away from work 309 3.6
    Person Characteristics
  • Census Count Percent(%)
    Managers 729 12.2
    Professionals 875 14.7
    Technicians & trades workers 1050 17.6
    Clerical & administrative workers 976 16.3
    Labourers 619 10.4
    Others 1722 28.8
    Occupation
    Census Count Percent(%)
    Pre-school 245 7.4
    Infants/Primary 1618 48.7
    Secondary 835 25.1
    Technical or Further Educational Institution 245 7.4
    University or other Tertiary Institutions 302 9.1
    Others 80 2.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 11292 94.6
    Semi-detached, row or terrace house, townhouse 632 5.3
    Flat, unit or apartment 17 0.1
    Caravan, cabin, houseboat 0 0.0
    Improvised home, tent, sleepers out 0 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Being purchased 1757 45.4
    Rented 1376 35.6
    Fully owned 722 18.7
    Other tenure type 11 0.3
    Tenure Type
Census 2011, ABS
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