Suburb Profile Report for Ormeau QLD (4208)

Ormeau House: Median price $470,000, Annual capital growth 2.14%, Number of sales 239, Weekly median advertised rent $445

Ormeau Unit: Median price $356,500, Annual capital growth 1.87%, Number of sales 53, Weekly median advertised rent $385

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

Source: CoreLogic

  • House Report
  • Unit Report

Giving property investors a an average capital gain of 3.30% for the last year, Ormeau, 4208 is the 2502th highest performer in Australia in this respect.

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

Property buyers and investors in Ormeau 4208 should be seeing an average reduction in asking price of around -4.08% . This means that Ormeau is holding prices well when compared to other suburbs in QLD.

Ormeau is 297th on a list of best yielding suburbs for rents in QLD with a 4.92% return

Property value increases in Ormeau have tracked close to the QLD average of 0.48% over the last 12 months.

When looking at the potential capital gains offered to property investors over the last 3 years, Ormeau comes in at number 129th in QLD.

LACK OF BUYER INTEREST may well be the reason that Ormeau is offering property investors an average of -6.15. This rate of discount on properties puts Suburb at number 274th in terms of most discounted suburbs in QLD

At number 1142 in a list of fastest selling suburbs, Ormeau is in the bottom 30% of suburbs in Australia with an average of days on market 101.74 for properties listed there.

The QLD suburb of Ormeau, 4208 is in the Gold Coast local government area.

Metrics i HOUSE UNIT
$470,000 $356,500
1.08% 1.86%
3.30% 1.86%
2.14% 1.87%
$445 $385
239 53
4.92% 5.62%
68.22 101.74

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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