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Ormeau Hills

POSTAL CODE: QLD, 4208
HOUSE

A steady increase in median property prices over a five-year period in the suburb translates to a 32.37% capital gain.

It also delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value.Investors saw the median home price rise to $989,500

The augmented property values in the suburb are trailing behind the territorial average of 12.36% in 2016.

On the other hand, based on current median home prices for the suburb, Real estate investors could earn a rental income of $750.

Home owners selling their properties and realtors in ORMEAU HILLS usually have to wait an average of 37.2 days days before their assets are lifted off the market.

The QLD suburb ranks 324th on the list of best yielding suburbs for rental properties in QLD, posting a 3.94% return.

It also places places 608th in Australia based on median property value growth during the quarter.

Surburb overview

Ormeau Hills is a residential locality in the Gold Coast, Queensland. It is approximately 52 kilometres south-east of Brisbane's Central Business District (CBD) and about 37 kilometres north-west of Surfers Paradise. The suburb is approximately 8.5 square kilometres and blends suburban developments and natural landscapes.

According to the 2021 census, Ormeau Hills had a population of 4,521 residents. This reflects significant growth from previous years, with populations of 1,212 in 2011 and 3,148 in 2016. The median age of residents is 30 years, indicating a relatively young community. Households in Ormeau Hills are predominantly composed of couples with children, and the average household size is 3.1 people.

Public transportation options in Ormeau Hills are limited. The nearest train station is Ormeau Station, located in the adjacent suburb of Ormeau. It provides Gold Coast and Brisbane access via the Queensland Rail network. Bus services operate within the area, but private vehicles remain the primary mode of transport for residents.

Essential establishments catering to daily needs are accessible in nearby suburbs. Shopping facilities, including supermarkets and specialty stores, are available in Ormeau and Pimpama. While there are no schools within Ormeau Hills, nearby educational institutions include Ormeau State School and Ormeau Woods State High School. Healthcare services, such as medical centres and pharmacies, are also in the surrounding areas.

The natural environment and community facilities support recreational activities in Ormeau Hills. The suburb boasts ten parks, covering nearly 2.5% of its area, offering residents opportunities for outdoor activities and relaxation. The hilly terrain in the western part of the suburb provides scenic views and walking trails, enhancing the area's appeal to nature enthusiasts.

The suburb's development is primarily residential, with a mix of low-density housing and rural residential properties. The eastern part of Ormeau Hills is more suburban, situated on flatter land between 10 to 30 metres above sea level. At the same time, the central and western regions are hillier, rising to 250 metres, and are less developed.

Ormeau Hills continues to experience growth, attracting families and professionals seeking a balance between suburban living and proximity to major urban centres. The suburb's natural beauty and family-friendly atmosphere make it appealing as a desirable place to live within the Gold Coast region.

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