Thinking about buying in Ooralea? Now could not be a better time, with 1669 residential properties there's certainly plenty to choose from. The average property price in this area is in the region of $706,000 with prices in this suburb ranging from $204,000 to $98,238,000. Ooralea is located fairly close to the coast at just 4Km so as well as great views of the ocean and access to beaches, demand and valuations are likely to be a bit higher here.
Median Weekly Rent | $371.43 |
Median Monthly Mortgage | $1689.00 |
Median Persons Per Bedroom | 0.77 |
Average Household Size | 2.57 |
Average Age | 41.57 |
Average Income | $927.14 |
Average Cars Per Dwelling | 2.00 |
Average Properties Within 50M | 8 |
1 Bed  $502,000 |
2 Bed  $413,000 |
3 Bed  $578,000 |
4 Bed  $1,071,000 |
5 Bed  $1,012,000 |
6 Bed+$928,000 |
Prices are above market average and increase steadily under persistent demand. A more sustainable rate of price growth is anticipated in the short to medium term. In this area of average incomes, there is a mix of housing size and quality. While this may present buying opportunities, growth may be constrained. As buyers begin to examine Ooralea due to other areas being out of the price range and the trend to working from home, "gentrification" may incease price growth. The slightly lower than average earnings from occupations in Ooralea changes the housing and lifestyle preference. It is more a matter of what can be afforded rather than what would we prefer, leading to slower price increases over time. Medium density in Ooralea necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Lower than average industry presence in Ooralea we believe will be less of a negative impact than it has in the past. Post-COVID and the growth in working from home has lessened the demand for local employment options. This may make Ooralea a better buying opportunity than it may have been in the past.
22 BERNBOROUGH AV, OORALEA, QLD, 4740 | 4 | 2 | 2 | Offers Over $759,000 | |
8 BERNBOROUGH AV, OORALEA, QLD, 4740 | 3 | 1 | 2 | Offers Over $649,000 |
Dundula State School
Mackay West State School
St Francis Xavier Catholic Primary School
(While the above schools are located with the suburb of Ooralea there may also be nearby schools whose catchments cover this suburb)Incidents Trend State Average
(mm) RAIN | Min (°C) TEMP | Max (°C) TEMP | Min (%) HUMIDITY | Max (%) HUMIDITY | (m/sec) WIND | (MJ/sq m) SOLAR | |
---|---|---|---|---|---|---|---|
Jan | 5.0 | 23.2 | 30.9 | 60.2 | 91.8 | 3.7 | 24.2 |
Feb | 9.5 | 23.2 | 31.4 | 61.6 | 95.2 | 2.9 | 24.0 |
Mar | 3.8 | 22.1 | 30.0 | 63.3 | 95.0 | 3.2 | 21.4 |
Apr | 5.9 | 20.1 | 28.0 | 63.8 | 95 | 3.2 | 18.1 |
May | 1.7 | 15.8 | 25.3 | 58.8 | 94.9 | 2.8 | 16.4 |
Jun | 0.9 | 12.7 | 23.7 | 55.7 | 94.9 | 2.4 | 15.2 |
Jul | 1.3 | 12.3 | 23.7 | 55.9 | 97.0 | 2.2 | 16.0 |
Aug | 0.4 | 13 | 24.6 | 53.0 | 96.9 | 2.6 | 18.4 |
Sept | 0.5 | 14.9 | 26.4 | 52.7 | 95.8 | 2.7 | 21.6 |
Oct | 1.3 | 18.2 | 28.5 | 54.4 | 94.3 | 3.0 | 24 |
Nov | 2.2 | 20.0 | 30.0 | 51.6 | 92.2 | 3.4 | 26.7 |
Dec | 6.5 | 22.4 | 31 | 59.2 | 92.5 | 3.9 | 23.4 |
source: Australian Government Bureau of Meteorology
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