Date Prepared: 13th November 2024
Sources: Attached PDF (Pricefinder), ABS, Landchecker, Your Investment Property Magazine, Walkscore, TMR Queensland, Domain, and Google (for parks).
Overview
Ormiston is a picturesque coastal suburb situated 25 km southeast of Brisbane CBD in the Redland City region. Renowned for its historic charm, bay views, and family-friendly environment, Ormiston is a sought-after location for both residents and investors.
Demographics
- Population: Approximately 6,500 (2021 Census, ABS).
- Median Age: 45 years, reflecting a mature, family-oriented community with retirees.
- Dwelling Type: Predominantly standalone houses, complemented by units and townhouses.
- Ownership: High owner-occupancy rates, showcasing long-term residential stability.
Property Market (2024)
Houses
- Median Sale Price: $1,237,500 (+12.5% annual growth).
- Median Weekly Rent: $755.
- Rental Yield: 3.2%.
- Sales Volume: 90 recorded house sales over the past 12 months.
Units
- Median Sale Price: $645,000 (+5.6% annual growth).
- Median Weekly Rent: $700.
- Rental Yield: 5.6%.
Long-Term Trends (2006–2024)
- Ormiston’s housing market has demonstrated consistent growth, with house prices increasing from $445,000 in 2006 to $1,237,500 in 2024.
Recent Notable Sales
- 19A Beckwith Street: Sold for $2,200,000 (Oct 2024).
- 4 Romano Court: Sold for $1,820,000 (Sep 2024).
- 44 Tolson Terrace: Sold for $2,000,000 (Sep 2024).
Source: Pricefinder, Your Investment Property Magazine.
Education
Ormiston is home to high-quality educational facilities:
- Primary Schools:
- Ormiston State School.
- Cleveland State School (nearby).
- Secondary Schools:
- Cleveland District State High School (nearby).
- Private Schools:
- Ormiston College (Prep to Year 12).
Source: Queensland Department of Education, Landchecker.
Amenities and Lifestyle
Shopping
- Ormiston Village: Offers boutique shops, cafes, and essential services.
- Nearby Options: Capalaba Central and Cleveland Central Shopping Centres provide larger retail and entertainment hubs.
Parks and Recreation
- Ormiston House and Gardens: A historic landmark with beautifully maintained grounds.
- Raby Bay Foreshore: Perfect for water sports, picnics, and scenic walks.
- Edgar Harley Park: A local favourite for outdoor activities.
Source: Google, Walkscore.
Transport and Accessibility
- Road Network:
- Accessible via Shore Street and Finucane Road for travel to Brisbane and other Redlands suburbs.
- Public Transport:
- Ormiston train station provides regular services to Brisbane CBD.
- Local bus routes connect Ormiston to nearby suburbs.
- Walkability:
- Moderate; local shops, parks, and schools are easily accessible on foot.
Source: TMR Queensland, Walkscore.
Recent and Planned Developments
- Luxury Residential Projects: A focus on high-end waterfront properties has increased.
- Community Investments: Upgrades to local parks, pathways, and recreational facilities are underway through Redland City Council.
Source: Pricefinder, Your Investment Property Magazine.
Community and Employment
- Employment Sectors:
- Retail, healthcare, education, and professional services are the dominant industries.
- Community Activities:
- Regular cultural events, farmers’ markets, and outdoor recreation opportunities contribute to the vibrant local atmosphere.
Source: ABS, Your Investment Property Magazine.
Key Statistics at a Glance
| Metric | Value |
|---|---|
| Population | ~6,500 (2021 Census). |
| Median House Price (2024) | $1,237,500. |
| Median Rent (Houses) | $755/week. |
| Rental Yield (Houses) | 3.2%. |
| Median Unit Price (2024) | $645,000. |
| Median Rent (Units) | $700/week. |
| Rental Yield (Units) | 5.6%. |
| Notable Parks | Ormiston House, Raby Bay Foreshore, Edgar Harley Park. |
| Transport Access | Ormiston Train Station, Shore Street, Finucane Road. |
Conclusion
Ormiston is a standout bayside suburb, offering a blend of historic charm, natural beauty, and modern conveniences. Its strong property market, excellent schools, and vibrant community make it a highly attractive location for families, professionals, and investors.