Suburb Profile Report for Ormeau QLD (4208)

Ormeau House: Median price $465,000, Annual capital growth 2.03%, Number of sales 269, Weekly median advertised rent $440

Ormeau Unit: Median price $346,500, Annual capital growth 1.14%, Number of sales 59, Weekly median advertised rent $385

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

Source: CoreLogic

  • House Report
  • Unit Report

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%.

HOUSE UNIT
$465,000 $346,500
0.00% -1.00%
3.33% -2.84%
2.03% 1.14%
$440 $385
269 59
4.92% 5.78%
68.71 120.76

Source: CoreLogic

DSR Score for property investment : Above average (U), Good (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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Recent sales & rentals