Located in Queensland within the Redland local government area, Ormiston is a moderately sized suburb (postcode 4160). It is home to about 6,379 residents, with a mature demographic and a median age of 47. Households earn a median income of $99K per year, with an average household size of 2.6 people. Recent annual estimates show population movement into the broader catchment, with population growth running at +1.7% 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 professionals, managers, clerical & administrative. Employment in the area leans toward healthcare and retail trade. The top ancestries reported are English, Australian, Scottish.
The median house price in Ormiston is $1.2 million, broadly unchanged over the past year. Units have a median price of $633,000 (+17.4% YoY). The current median weekly rent is $800. This gives a gross rental yield of approximately 3.5%. 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 3,602 incidents per 100,000 population.
From an investment perspective, Ormiston shows a gross rental yield of approximately 3.5%, 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. Population growth of +1.7% year-on-year points to stable demand fundamentals. Building approvals have changed +0% year-on-year, indicating steady development activity.