Consistent high demand relative to supply is a key feature in Mount Ommaney driving regular price increases. Recent rapid price increases however may constrain future growth by limiting demand. Incomes in Mount Ommaney are above average indicating a preference for good quality housing and lifestyle. That ensures consistent price growth. The high percentage of professional people in Mount Ommaney classifies the area as "gentrified". This implies high demand for quality housing, generally of larger than average size. Price growth is ensured even where the state affordability index is negatively impacting other areas. Medium density in Mount Ommaney necessitates a mix of lifestyle options for housing, shops, open areas, and facilties. Where this is available, demand is high and growth ensured. Higher than average industry presence in the wider area offering local employment yet with not a large negative impact on local amenity, provides good demand and price growth.
|8 WESTLAKE DR, MOUNT OMMANEY, QLD, 4074||4||2||2||$1,199,000|
Mount Ommaney Special School(While the above schools are located with the suburb of Mount Ommaney there may also be nearby schools whose catchments cover this suburb)
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source: Australian Government Bureau of Meteorology
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