QLD has seen average median house prices change by 1.88% which means that Ormeau, 4208 has done well for property investors by showing a capital gain of 3.33% over the last year
While Ormeau,4208 ranked number 433th in QLD for increase in median house value (annualised) increase, it is ranked 478th over the last 5 years.
Property investors looking for a bargain in Ormeau should be aiming for at least -4.01% off the asking price, which is the average vendor discount being achieved at the moment.
At number 1295 in a list of fastest selling suburbs, Ormeau is in the TOP 40% of suburbs in Australia with an average of days on market 68.71 for properties listed there.
Ormeau, 4208’s gross rental yield is 4.92%
QLD has seen average median house prices change by 1.70% which means that Ormeau, 4208 has done well for property investors by showing a capital gain of -2.84% over the last year
Ormeau,4208 was ranked 1176 in Australia by increase in median property value over the quarter.
When looking to buy, or assessing what properties are really achieving at sale, it's essential for property investors to take into account what discounts are being offered in Ormeau, 4208. Typically our figures indicate that -5.44% is being offered, which puts this QLD suburb at 631th most discounted overall in Australia.
A $385 per week rent on the median house gives suburb investors a gross yield of circa 5.78%, without taking into account capital value appreciation, which has been averaging out at 1.14%.