If you compare the increase in value of investment property in Ormeau, 4208 to the rest of Australia, it performed somewhat poorly. The median increase in value, or capital gain property investors experienced for this QLD suburb was 2.15%.
When looking at the potential capital gains offered to property investors over the last 3 years, Ormeau comes in at number 435th in QLD.
Ormeau4208 is located in QLD which offers an average discount of -6.78% to property investors. Ormeau itself is showing figures that indicate -4.26% is the average achievable by property buyers investing in the suburb.
On average over the past year, suburb has had 22.08 sales per month, which equates to 265 per year.
A $435 per week rent on the median house gives suburb investors a gross yield of circa 4.76%, without taking into account capital value appreciation, which has been averaging out at 1.46%.
Property investors who have had real estate in Ormeau, 4208 should be relatively pleased with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 8.23%
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Ormeau has increased when compared to the 5 year average annual rate.
LACK OF BUYER INTEREST may well be the reason that Ormeau is offering property investors an average of -5.80. This rate of discount on properties puts Suburb at number 277th in terms of most discounted suburbs in QLD
The QLD suburb of Ormeau, 4208 is in the Gold Coast local government area.