Ormiston is an established bayside suburb in Redlands City, 23 km to the east of Brisbane CBD, well-positioned overlooking Moreton Bay and enjoying the bay breezes, close to quality schools, parks and a short drive to Cleveland shopping and restaurant precinct. The suburb has a small population of urban koalas.
Nearby Raby Bay is an exclusive community constructed with canals and marina berths for those wanting a luxury bayside lifestyle. Ormiston is in high demand for families, so properties tend to sell quickly.
The Gateway Arterial motorway gives ready access to the north and south coasts, and the airport for business travellers and visitors.
The population of around 5,800 includes 80% of people born in Australia, and 44% of homes are fully owned, with a further 34% being purchased.
The suburb is predominantly professional families, and the predominant age group is 50-59 years. Households in Ormiston are primarily couples with children and are likely to be repaying around $1,800 – $2,400 per month on mortgage repayments. Average period of ownership is 9 years.
In the last 12 months there were 138 properties sold in Ormiston, mostly in the $400-$800,000 price range. There were 9 sales over $1M.
Here is the latest snapshot of the suburb courtesy of CoreLogic.