The suburb’s capital gain of 3.59% for the past year is lower than average compared to its 20.37% growth within a five-year period.
Also in ORMISTON, the median home price is sitting at $650,000, and the average rent at $495, this suggests property owners could potentially earn a 3.96% increase in gross rental yield.
Property investors have seen a 0.78% 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 3.73% growth over a ten-year period. It ranks 2245th on our list of suburbs that property investors should look into.
|KEY PROPERTY DATA REPORT||HOUSE||UNIT|
|Median 12 month||3.59%||-4.88%|
|Median 3 years||19.27%||5.71%|
|Median 5 years||20.37%||-22.92%|
|10 years average annual||3.73%||4.75%|
|Weekly media advert. rent||$495||$375|
|Time on Market||56.4 days||66.3 days|
|Gross Rental Yield Percent||3.96%||5.27%|