If you are looking for an ideal location to buy or invest in real estate, Ormeau Hills is an excellent choice. Situated in the northern Gold Coast region, Ormeau Hills is a fast-growing suburb with a fantastic lifestyle, natural beauty, and a wide range of amenities. In this article, we'll take a closer look at the property market in Ormeau Hills, exploring the opportunities and trends shaping the area. 

Property Market Overview 

The property market in Ormeau Hills has seen steady growth in recent years, with both property values and sales volume on the rise. According to recent data from CoreLogic, the median house price in Ormeau Hills is currently around $615,000, representing a 4.6% increase over the past year. In addition, the area has also seen a rise in unit prices, which have increased by 6.8% over the past year. 

In terms of sales volume, the area has steadily increased in recent years, with 172 properties sold in the last 12 months. The majority of sales have been for houses, which accounted for 70% of all sales, while units accounted for the remaining 30%. 

One of the reasons for the growth in the Ormeau Hills property market is the area's popularity with families. The suburb offers a range of amenities ideal for families, including good schools, parks, and recreational facilities. In addition, the area is well connected, with easy access to the M1 motorway and regular train services to Brisbane and the Gold Coast. 

Trends in Real Estate & Property Development 

Another trend shaping the Ormeau Hills real estate property market is the increasing number of new developments in the area. Developers are recognising the suburb's potential and investing in a range of new projects, from apartments and townhouses to larger family homes. 

One of the most significant developments in the area is the Ormeau Hills Master planned Community. This development is set to deliver around 1,000 new homes and a range of community facilities, including parks, playgrounds, and sporting fields. The development is being built with a focus on sustainability and will include a range of features designed to minimise environmental impact. 

Another significant development in the area is the Pimpama Village project. This development is located just a short drive from Ormeau Hills and will deliver around 1,300 new homes and a range of retail and commercial facilities. The development is set to become a major hub for the northern Gold Coast region. 

Property Investment Opportunities 

For investors, Ormeau Hills offers an attractive opportunity to capitalise on the growth in the property market. The area is seeing strong demand from buyers, particularly families looking for a high-quality lifestyle in a convenient location. In addition, the growth in new developments is creating a range of opportunities for investors looking to buy off-the-plan or purchase an existing property with the potential for renovation or redevelopment. 

One of the most significant opportunities for investors is in the rental market. The area is experiencing strong demand for rental properties, with a vacancy rate of just 0.9%. This is creating strong rental yields for investors, with the median weekly rent for a house in Ormeau Hills currently around $550. 

Another opportunity for investors is in the development of dual-key properties. Dual-key properties are becoming increasingly popular in the area, as they offer an attractive option for families looking to live in a high-quality home while also generating income from renting out the second unit. 

Working with a local real estate agent with a strong understanding of the Ormeau Hills property market is essential for buyers, sellers and investors looking to capitalise on the opportunities in the area. 

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Looking for an expert local Ormeau Hills real estate agent? As a trusted local real estate agent, I have the knowledge and experience to help you navigate the market and achieve a successful sale or purchase. Contact me today for a personalised appraisal and advice on the best strategies for buying or selling property. Let me help you achieve your property goals with minimal stress and maximum profit.