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OrmistonOrmiston - SUBURB PROFILE REPORT
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The suburb’s capital gain of 8.17% for the past year is higher than average compared to its 16.15% growth within a five-year period.
Also in ORMISTON, the median home price is sitting at $789,660, and the average rent at $495, this suggests property owners could potentially earn a 3.26% increase in gross rental yield.
Property investors have seen a 4.25% gain in ORMISTON based on an increase in median home prices for the past three months.
A survey of average capital gains or median home price increase in suburbs across the country shows that this suburb obtained a 2.95% growth over a ten-year period. It ranks 2637th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $789,660 | $361,000 |
| GROWTH REPORT | ||
| Median Quarterly | 4.25% | 0.98% |
| Median 12 month | 8.17% | 6.18% |
| Median 3 years | 19.65% | -9.52% |
| Median 5 years | 16.15% | -4.75% |
| 10 years average annual | 2.95% | 0.48% |
| Weekly media advert. rent | $495 | $384.5 |
| Time on Market | 56.3 days | 63.0 days |
| Gross Rental Yield Percent | 3.26% | 5.54% |
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