7/29-33 Gordon Street, Ormiston QLD 4160
7/29-33 Gordon Street, Ormiston QLD 4160
Townhouse in Ormiston | 3-bed low-maintenance | 40% owner-occupied complex | strong school catchment | median suburb price $1.015m
This townhouse sits in a complex with a stable owner-occupier ratio of 40%, which typically signals better building care and fewer rental turnovers. The 298m² land allocation is efficient for a three-bedroom layout, suiting buyers who want a lock-and-leave property without sacrificing space. Its location within 500 metres of Ormiston State School and one kilometre from Cleveland District State High School makes it particularly attractive to families prioritising catchment access. The suburb’s median house price of $1.015 million provides a benchmark that suggests this property is positioned in a reasonable value corridor for the area.
The primary risk is the conflicting land size data between 298m² and a larger complex lot, which may affect financing or resale clarity if not resolved. With only one recent sale in the complex, liquidity is thin, and the 60% rental proportion could introduce variability in neighbour turnover. However, the 81% long-term residency in Ormiston and the balanced age demographics support steady demand. The opportunity lies in the suburb’s low auction clearance rate, which may indicate less competition for well-priced properties, and the property’s dual parking adds practical appeal for families with multiple vehicles.
Detailed Independent Property Report prepared by PropCred Analyst team for 7/29-33 Gordon Street, Ormiston QLD 4160
Checks found:
Value Risk
1
Liquidity Risk
Planning Risk
Income Risk
2
Execution Risk
1
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Market Insight
Ormiston presents as a tightly held, family-oriented suburb with a mature demographic profile, where high outright home ownership underpins market stability. Demand is driven by established families seeking long-term security, reflected in strong sales activity and houses consistently selling above asking price. Recent price growth has been solid, particularly for units, within a low-supply environment where properties transact swiftly. Future growth is supported by sustained buyer competition, though the premium pricing of detached homes presents an affordability constraint that may temper the pace of appreciation.
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PropCred Estimated Value
Bedrooms
3
Bathroom
2
Parking
2
Land
298m²
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