Suburb Profile Report for Ormeau QLD (4208)

Ormeau House: Median price $463,000, Annual capital growth 1.73%, Number of sales 271, Weekly median advertised rent $440

Ormeau Unit: Median price $348,000, Annual capital growth 1.58%, Number of sales 64, 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 1.98% 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%

HOUSE UNIT
$463,000 $348,000
-0.43% -1.28%
2.66% -0.57%
1.73% 1.58%
$440 $385
271 64
4.94% 5.75%
66.7 121

Source: CoreLogic

DSR Score for property investment : Good (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