Ormiston is a mid-sized suburb in Queensland within the Redland local government area (postcode 4160). With a population of 6,379, the suburb has a mature demographic with a median age of 47. Households earn a median income of $99K per year, with an average household size of 2.6 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Scottish.
The median house price in Ormiston is $1.2 million, having remained flat 0% over the past year. Units have a median price of $633,000 (+17.4% YoY). The current median weekly rent is $780. This gives a gross rental yield of approximately 3.4%. The median monthly mortgage repayment is $2,000.
Ormiston is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 1103, which is well above the national average of 1,000. Public transport access includes 2 rail stations, 22 bus stops. The crime rate in the Redland LGA is below average at 3,545 incidents per 100,000 population.
From an investment perspective, Ormiston offers a gross rental yield of 3.4%, rated as moderate yield. Property prices are near the state median ($1.2M/$1.1M). The price-to-income ratio of 11.9x is considered stretched. House prices have moved +0.0% year-on-year.
Ormiston is a mid-sized suburb in Queensland within the Redland local government area (postcode 4160). With a population of 6,379, the suburb has a mature demographic with a median age of 47. Households earn a median income of $99K per year, with an average household size of 2.6 people. The most common occupations are professionals, managers, clerical & administrative. The top ancestries reported are English, Australian, Scottish.
The median house price in Ormiston is $1.2 million, having remained flat 0% over the past year. Units have a median price of $633,000 (+17.4% YoY). The current median weekly rent is $780. This gives a gross rental yield of approximately 3.4%. The median monthly mortgage repayment is $2,000.
Ormiston is served by 2 schools, including 1 primary, 1 combined. The average ICSEA score is 1103, which is well above the national average of 1,000. Public transport access includes 2 rail stations, 22 bus stops. The crime rate in the Redland LGA is below average at 3,545 incidents per 100,000 population.
From an investment perspective, Ormiston offers a gross rental yield of 3.4%, rated as moderate yield. Property prices are near the state median ($1.2M/$1.1M). The price-to-income ratio of 11.9x is considered stretched. House prices have moved +0.0% year-on-year.