Ormeau (postcode 4208) is an established suburb in Queensland within the Gold Coast local government area. With a population of 15,938, the suburb has a mix of families and early-career residents with a median age of 33. Households earn a median income of $107K per year, with an average household size of 3.1 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.8% year-on-year at the LGA level. QLD employment has moved +0.9% year-on-year in the official Jobs and Skills Australia NERO series, which provides the broader jobs backdrop for this suburb. QLD also had 32 Commonwealth-backed major projects under construction, 12 underway, and 50 in planning as at 2 October 2024, which is useful as a broader delivery backdrop rather than a suburb-specific project count. The most common occupations are technicians & trades, professionals, clerical & administrative. Employment in the area leans toward construction and healthcare. The top ancestries reported are English, Australian, Irish.
Ormeau has a median house price of $827,000, which has ticked up by 0.8% year-on-year. Units have a median price of $530,000 (+7.4% YoY). The current median weekly rent is $760. 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 5,699 incidents per 100,000 population.
From an investment perspective, Ormeau shows a gross rental yield of approximately 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. Population growth of +1.8% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.