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Ormeau

POSTAL CODE: QLD, 4208
HOUSE

Property investors enjoyed capital gains of 9.34% over the last 12 months in ORMEAU, translating to lower returns compared with its peers in QLD.

A survey of average capital gains or median home price increase in suburbs across the country shows that the QLD suburb obtained a 7.68% growth over a ten-year period. It ranks 981st on our list of suburbs that property investors should look into.

ORMEAU, 4208 has a capital gain of 9.34% for the past year, which is lower than average compared to its 88.12% growth within a five-year period.

With the median home price in ORMEAU sitting at $989,500, and the average rent at $750, property owners could potentially earn a 3.94% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in ORMEAU are low, as opposed to average gains per annum over the past five years.

ORMEAU, 4208 in QLD belongs to the local government area of Gold Coast.

Surburb overview

Ormeau is a suburb in Queensland's northern Gold Coast region, approximately 44.2 kilometres southeast of Brisbane's Central Business District (CBD) and 33.1 kilometres northwest of Surfers Paradise. It covers an area of about 16.4 square kilometres and offers a blend of residential and semi-rural environments.

According to the 2021 census, Ormeau had a population of 15,938 residents, with a median age of 33 years, slightly below the national median of 38. The majority of residents were born in Australia (73.1%), followed by New Zealand (9.2%) and England (4.6%). English is predominantly spoken at home, reflecting the suburb's demographic composition.

Public transportation in Ormeau includes access to the Ormeau railway station, which is part of the Gold Coast railway line and provides services to Brisbane and the Gold Coast. Bus services also operate within the suburb, connecting residents to nearby areas. The Pacific Motorway (M1) runs adjacent to Ormeau, facilitating convenient travel by car to Brisbane and other parts of the Gold Coast.

Ormeau hosts several essential establishments catering to daily needs. Shopping facilities include the Ormeau Village Shopping Centre, Ormeau Junction Shopping Village, and Norfolk Village Shopping Centre, offering supermarkets, specialty stores, and dining options. Educational institutions within Ormeau encompass Norfolk Village State School, Ormeau Woods State High School, Livingstone Christian College, and Mother Teresa Catholic Primary School. Healthcare services are available through local medical centres and pharmacies.

Recreational activities are well-supported in Ormeau. The suburb features numerous parks and green spaces, including the Ormeau Sports Park, which offers cricket, rugby, and tennis facilities. The Ormeau Bulldogs Australian Football Club and the Ormeau All Stars Football Club provide opportunities for community engagement in sports. Additionally, the suburb's proximity to Brisbane and the Gold Coast allows residents to access various recreational and cultural activities in these urban centres.

Ormeau continues to experience growth, with ongoing residential developments enhancing its appeal to families and professionals seeking a balance between suburban living and accessibility to major cities. The suburb's infrastructure, educational facilities, and recreational options make it a desirable location within the Gold Coast region.

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