Suburb Profile Report for Ormeau QLD (4208)

Ormeau House: Median price $470,000, Annual capital growth 2.11%, Number of sales 252, Weekly median advertised rent $440

Ormeau Unit: Median price $355,000, Annual capital growth 1.76%, Number of sales 56, Weekly median advertised rent $385

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

Source: CoreLogic

  • House Report
  • Unit Report

At number 2520th in the list of Australian suburbs ordered by increase in median house value over the last year, Ormeau, 4208 is in the BOTTOM 40% with a property value increase of 2.73% recorded in median house prices.

Ormeau,4208 has offered an average of 2.73% return per annum in house price rises to property investors over the last three years.

Property buyers and investors in Ormeau 4208 should be seeing an average reduction in asking price of around -4.14% . This means that Ormeau is holding prices well when compared to other suburbs in QLD.

Often selling an investment property can take time, and in Ormeau the average time real estate has been on the market is 68.91 days.

With the median price for a house in Ormeau being $470000 and the advertised rent reaching $440 the gross rental yield for property investors calculates out to be 4.87%

QLD has seen average median house prices change by 0.65% which means that Ormeau, 4208 has done well for property investors by showing a capital gain of 1.43% over the last year

Ormeau,4208 was ranked 674 in Australia by increase in median property value over the quarter.

Ormeau4208 is located in QLD which offers an average discount of -6.05% to property investors. Ormeau itself is showing figures that indicate -4.64% is the average achievable by property buyers investing in the suburb.

Often selling an investment property can take time, and in Ormeau the average time real estate has been on the market is 110.09 days.

Metrics i HOUSE UNIT
$470,000 $355,000
1.08% 1.43%
2.73% 1.43%
2.11% 1.76%
$440 $385
252 56
4.87% 5.64%
68.91 110.09

Source: CoreLogic

DSR Score for property investment : Good (H), Good (U)
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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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