Property value increases in Ormeau have tracked just lower than the QLD average of 2.41% over the last 12 months.
While Ormeau,4208 ranked number 366th in QLD for increase in median house value (annualised) increase, it is ranked 487th over the last 5 years.
LACK OF BUYER INTEREST may well be the reason that Ormeau is offering property investors an average of -7.10. This rate of discount on properties puts Suburb at number 745th in terms of most discounted suburbs in QLD
Residents and property investors in Ormeau have been waiting around 68.42 days to sell a property.
Property investors should expect to get $440 weekly from the median priced house in this suburb.
Over the last year, property investments in Ormeau, 4208 have given investors a capital gain of -0.84%. This compares averagely with the 0.66% for QLD as a whole.
Taking the average capital gain, or increase in median house value, Ormeau,4208 has racked up an average of -0.84% over the period. This ranks it number 935th in the whole country for real estate investors looking at median house price increases.
The most recent median price for Ormeau is $355000, with sellers offering an average of -4.05% off the asking price.
Property investors should expect to get $385 weekly from the median priced house in this suburb.