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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 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%|