AREA REPORTS

Ormeau

 

 

Suburb Profile

Ormeau - FREE SUBURB PROFILE REPORT
POSTAL CODE: QLD,4208

house
unit

Property investors enjoyed capital gains of 2.97% 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 0.74% growth over a ten-year period. It ranks 3509th on our list of suburbs that property investors should look into.

ORMEAU, 4208 has a capital gain of 2.97% for the past year, which is lower than average compared to its 19.24% growth within a five-year period.

With the median home price in ORMEAU sitting at $485,000, and the average rent at $440, property owners could potentially earn a 4.72% 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.

Data report can be found below

KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $485,000 $375,000
GROWTH REPORT
Median Quarterly 0% 0%
Median 12 month 2.97% 4.75%
Median 3 years 7.78% 7.14%
Median 5 years 19.24% 22.95%
10 years average annual 0.74% 0.76%
Weekly media advert. rent $440 $390
Time on Market 60.4 days 72.6 days
Gross Rental Yield Percent 4.72% 5.41%
demographics (median values)
Total Population
6145
Weekly Household Income
1301
Household Size
3.20
demographics
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