Question 1

Is Ormiston a nice place to live?

Accepted Answer

Ormiston is a bayside suburb in Redland City with a leafy foreshore and parkland on the southern edge of Moreton Bay that encourage walking, boating and family outings. Heritage Ormiston House and its reserve are local landmarks, and the housing mix ranges from classic Queenslander and mid-century homes on quiet streets to larger modern houses taking advantage of the water. Residents tend to be families and people after a relaxed coastal lifestyle, and the suburb has handy local shops and cafes, regular train services at Ormiston station and easy road links to surrounding bayside centres.

About 6,379 people live in Ormiston, the median age is 47, and homes are mostly owner-occupied at about 78.7%. Families make up the bulk of households. Local investment has focused on the foreshore and parks, with upgrades to Raby Esplanade Park including a renewed playground, a learn-to-ride circuit and other facilities such as an outdoor ping pong table, a multi-sport half court, barbecue and extra parking. Fellmonger Park’s pedestrian bridge was replaced under federal stimulus funding, and council programs name the suburb for further sports and car-park improvements.

Question 2

Is it expensive to live in Ormiston?

Accepted Answer

Buying a house in Ormiston sits well above local incomes as recorded at the most recent Census. With a median house price of $1,280,000 and a median weekly household income of $1,913 (about $99,476 a year), the house price is about 12.9 times a typical local annual household income at the last Census. Renting a house at about $820 a week would take roughly 42.9% of that weekly household income, which is a large share. On these figures, both buying and renting are stretched against what a typical local household earned at the last Census, with buying notably more so.

Everyone's financial situation is different, so it's important to consider your own circumstances when deciding which suburb is right for you.

Question 3

Is Ormiston a good place to invest?

Accepted Answer

Unit values in Ormiston climbed 34.2% over the past 12 months, a strong rise, while median house values rose a more modest 3.8%. House rents increased 9.3% over the year, a solid uplift, so if rental income is your focus that house rent figure is the relevant movement to watch. Put simply, capital growth this year was concentrated on the unit side, whereas houses saw rent growth that outpaced their price growth. Whether that balance suits your investment goals depends on your priorities and circumstances.

This information has been prepared without taking your objectives, needs and overall financial situation into account. It is not meant to be a substitute for professional financial advice. For this reason, you should consider the appropriateness of the information and, if necessary, seek appropriate professional advice.

	Houses	Units
Median price Past 3 months	$1.28M	N/A
Change in value Past 12 months	3.8%	34.2%
Sold Past 3 months	11	5
Median days on market Past 12 months	22	66
Average rent Past 12 months	$820	N/A
Change in rent Past 12 months	9.3%	N/A

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