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The suburb’s capital gain of 1.98% for the past year is lower than average compared to its 10.57% growth within a five-year period.
Also in ORMISTON, the median home price is sitting at $735,000, and the average rent at $502.5, this suggests property owners could potentially earn a 3.56% increase in gross rental yield.
Property investors have seen a 1.73% 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 2.14% growth over a ten-year period. It ranks 2766th on our list of suburbs that property investors should look into.
| KEY PROPERTY DATA REPORT | HOUSE | UNIT |
|---|---|---|
| Median Price | $735,000 | $345,000 |
| GROWTH REPORT | ||
| Median Quarterly | 1.73% | 1.47% |
| Median 12 month | 1.98% | -12.1% |
| Median 3 years | 13.08% | -5.22% |
| Median 5 years | 10.57% | -6.5% |
| 10 years average annual | 2.14% | 0.65% |
| Weekly media advert. rent | $502.5 | $375 |
| Time on Market | 72.7 days | 65.6 days |
| Gross Rental Yield Percent | 3.56% | 5.65% |
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