Suburb Profile Report for Ormeau QLD (4208)

Ormeau House: Median price $550,000, Annual capital growth 2.12%, Number of sales 322, Weekly median advertised rent $450

Ormeau Unit: Median price $367,585, Annual capital growth -0.51%, Number of sales 24, Weekly median advertised rent N/A

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

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

  • House Report
  • Unit Report

Over the last year, property investments in Ormeau, 4208 have given investors a capital gain of 8.91%. This compares badly with the 12.16% for QLD as a whole.

Over the longer term, Ormeau has seen property prices show investors a 15.67% return over the last 3 years. This is worse than over the last 12 months

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 -3.11% is being offered, which puts this QLD suburb at 2191th most discounted overall in Australia.

Using the current median advertised rental of $450 and the average annual increase in value of a median property of 2.12%, investors should hope to achieve an overall return of 4.25%

At number 314 in a list of fastest selling suburbs, Ormeau is in the TOP 30% of suburbs in Australia with an average of days on market 45.2 for properties listed there.

Metrics i HOUSE UNIT
$550,000 $367,585
2.80% 2.11%
8.91% N/A
2.12% -0.51%
$450 N/A
322 24
4.25% N/A
43.7983193277311 45.2

Source: Monthly data update for Sep 2021 as supplied by CoreLogic. Data is reported to the period ending Jun 2021. Please note that property sales data is routinely updated, so may change retrospectively.

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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