Ormeau is a well-established suburb in Queensland within the Gold Coast local government area (postcode 4208). With a population of 15,938, the suburb has a mix of young professionals and families with a median age of 33. Households earn a median income of $107K per year, with an average household size of 3.1 people. The most common occupations are technicians & trades, professionals, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Ormeau is $827,000, having risen modestly 0.8% over the past year. Units have a median price of $530,000 (+7.4% YoY). The current median weekly rent is $770. This gives a gross rental yield of approximately 4.8%. The median monthly mortgage repayment is $1,950.
Ormeau is served by 5 schools, including 2 primary, 1 secondary, 1 combined, 1 special. The average ICSEA score is 1006, which is around the national average of 1,000. Public transport access includes 58 bus stops. The crime rate in the Gold Coast LGA is moderate at 5,745 incidents per 100,000 population.
From an investment perspective, Ormeau offers a gross rental yield of 4.8%, rated as moderate yield. Property prices are near the state median ($827K/$1.1M). The price-to-income ratio of 7.7x is considered moderate. House prices have moved +0.8% year-on-year.
Ormeau is a well-established suburb in Queensland within the Gold Coast local government area (postcode 4208). With a population of 15,938, the suburb has a mix of young professionals and families with a median age of 33. Households earn a median income of $107K per year, with an average household size of 3.1 people. The most common occupations are technicians & trades, professionals, clerical & administrative. The top ancestries reported are English, Australian, Irish.
The median house price in Ormeau is $827,000, having risen modestly 0.8% over the past year. Units have a median price of $530,000 (+7.4% YoY). The current median weekly rent is $770. This gives a gross rental yield of approximately 4.8%. The median monthly mortgage repayment is $1,950.
Ormeau is served by 5 schools, including 2 primary, 1 secondary, 1 combined, 1 special. The average ICSEA score is 1006, which is around the national average of 1,000. Public transport access includes 58 bus stops. The crime rate in the Gold Coast LGA is moderate at 5,745 incidents per 100,000 population.
From an investment perspective, Ormeau offers a gross rental yield of 4.8%, rated as moderate yield. Property prices are near the state median ($827K/$1.1M). The price-to-income ratio of 7.7x is considered moderate. House prices have moved +0.8% year-on-year.