ORMISTON ranks 27th in QLD when it comes to estimated capital gains experienced by property investors over the past three years.
The suburb’s capital gain of 3.08% for the past year is lower than average compared to its 22.37% growth within a five-year period.
This figures put the ATC suburb in the ranks of the best performing suburbs in Australia in terms of capital gains.
Also in ORMISTON, the median home price is sitting at $670,000, and the average rent at $500, this suggests property owners could potentially earn a 3.88% increase in gross rental yield.
Property investors have seen a -0.52% drop in ORMISTON based on a decrease 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 2.36% growth over a ten-year period. It ranks 2791st on our list of suburbs that property investors should look into.
A 24.04% increase in median property prices in ORMISTON, 4160 has allowed this suburb to join the ranks of best performing suburbs in QLD, settling at number 13th.
A steady increase in median property prices over a five-year period in ORMISTON, 4160 translates to a 30.76% capital gain.
ORMISTON, 4160 delivered a weaker performance in contrast to other Australian suburbs in terms of appreciation of property value. Investors saw the median home price rise to $482,500.
Augmented property values in ORMISTON are trailing above the QLD average of 0.61% for the past year.
Real estate investors could earn a rental income of $440 based on current median home prices for the suburb.
Home owners selling their properties and realtors in ORMISTON usually have to wait an average of 124.2 days days before their assets are lifted off the market.
ORMISTON ranks 262nd on the list of best yielding suburbs for rental properties in QLD, posting a 4.74% return.
ORMISTON, 4160 places 250th in Australia based on median property value growth during the quarter.