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Ormiston, QLD 4160

Home » QLD Real Estate Data » Redland City, QLD » Ormiston, QLD 4160

If you’re looking to buy, rent, or invest in property, it’s important to do your research on the suburb first. This includes looking at house prices, real estate rental market data, and other advanced metrics. Here, we’ve compiled that information for Ormiston, QLD 4160 to help you make an informed decision about your property choice in this suburb.





Market Snapshot

This page provides an overview of the area’s real estate market. The data in this snapshot illustrates typical price, median rent and gross yield metrics for this suburb. You are able to visualise these 3 key metrics as well as other important indicators in the dashboard section that follows.

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Rent 

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Yield 

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Buy 

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Rent 

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Lower Risk RCS™

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Capital Growth RCS™

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Cashflow RCS™

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Essentials
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Yield chart
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GRC chart
Fundamentals
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IRSAD chart
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Renters to owners pie chart
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unit to houses pie charts
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Demand chart
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Inventory chart
Supply

Stock on Market

Inventory

Hold Period

Building Approvals

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SOM chart
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Inventory chart
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Inventory chart
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Hold chart
Demand

Days on Market

Vacancy Rate

Clearance Rate

Search Index

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DOM chart
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Inventory chart
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Index chart
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Auction chart

How was this calculated? Typical Price is a continuous metric calculated via a process called data fitting. Median Rent is weekly advertised rent based on rentals over the preceding 12 months. Gross Yield is Median Rent x 52 x 100 / Typical Price. To discover additional information, click the “i” icon in the top left corner of each graph or visit the Data Dictionary page.

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0 thoughts on “Ormiston, QLD 4160”

  1. The total adult population (15 years or older) of Ormiston 4160 QLD is 5,329, with a median age of 47. Of those, 56.05% are married, 11.77% are divorced or separated, 25.91% are single and 6.32% are widowed.

    The average household size is 2.6 people per dwelling, and the median household monthly income is estimated to be $9,332. The median monthly mortgage repayment for households in this suburb is $2,000 which is 21.43% of their earnings.

    Source: ABS Census Data (2021)

  2. The suburban locality of ORMISTON 4160, found within the state of Queensland, is known for its thriving community made up of roughly 3,081 households. As we analyse the third quarter of 2023, we see that the standard pricing for houses within this area lies around the $1,163,755 mark. Concurrently, the median weekly rent stands at an attractive $652, culminating in an indicative yield of 2.91%.

    Although the indicative yield is slightly below the attractive market minimum of 3% for property investors focused on cashflow, other socio-economic and market factors need to be considered. ORMISTON 4160 boasts an IRSAD score of 1061 out of 1217, indicating a robust socio-economic outlook. This suggests the majority of residents have access to excellent opportunities in terms of resources and employment, possibly leading to economic growth and hence potential capital gains in the long term.

    Examining the renter to owner ratio reveals a balanced market, with a healthy 20% figure. This figure serves to reduce investment risk, while also minimising competition with other investors. Simultaneously, the units to houses ratio stands at a favourable 3% — suggesting lower competition for tenants amongst landlords and a housing market well-positioned for families desiring more residential-style dwellings over units.

    The affordability index of 49 years does point to decreased affordability within this area, well over the 30-year mortgage assumption. However, the low stock on market percentage (0.39%) and short inventory timescale of only 1.21 months suggest a low supply situation that may attract investors seeking opportunities in tighter markets. Meanwhile, the building approvals ratio for houses is slightly high at 2.15%, hinting at an increase in available house listings in the future.

    With the houses spending an average of 57 days on the market, demand can be described as moderate. The combined vacancy rate for both houses and units is fairly healthy at 1.61%, indicating a neutral demand for rental properties. Lastly, the buy search index for houses stands steady at 5, on par with the state/city average and suggestive of a neutral demand that can prove resilient in the face of wider market fluctuations.

    In the final analysis, while some factors such as indicative yield and affordability index may not be in the optimal range, the majority of metrics like the socio-economic score, low units to houses ratio, low stock on market ratio, and more moderate demand metrics tend to present ORMISTON 4160 as a strong contender for property investment consideration. As always, utilising tools like the RCS (Relative Composite Score) metric by HtAG Analytics can aid in providing a holistic overview of the market through the evaluation of 80 different metrics.

    It’s important to note that the above analysis provides a snapshot of current value metrics but doesn’t consider metric trends, which can also significantly influence investment decisions. Moreover, some metrics have greater importance than others based on various factors, a nuance that must be understood for a holistic analysis.

    Join HtAG Analytics to visualise these metrics trends, and gain a deeper understanding of their importance. By becoming part of HtAG Analytics, you will be empowered to make informed decisions, discerning which metrics are more significant in the context of your property investment strategy.

    This content serves to inform and does not constitute investment advice. Property investment involves risks and uncertainties, and professional advice should be sought before making any investment decisions. By leveraging expert guidance, potential investors can ensure a comprehensive understanding of the complex property investment landscape.

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