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Ormond
AREA REPORTS

Ormond

Ormond - SUBURB PROFILE REPORT
POSTAL CODE: VIC, 3204

house
unit

Property investors enjoyed capital gains of 20.69% over the last 12 months in ORMOND, translating to lower returns compared with its peers in VIC.

A survey of average capital gains or median home price increase in suburbs across the country shows that the VIC suburb obtained a 8.2% growth over a ten-year period. It ranks 777th on our list of suburbs that property investors should look into.

ORMOND, 3204 has a capital gain of 20.69% for the past year, which is higher than average compared to its 25.41% growth within a five-year period.

With the median home price in ORMOND sitting at $1,925,000, and the average rent at $620, property owners could potentially earn a 1.67% increase in gross rental yield.

Figures from the previous quarter show that capital gains for real estate buyers in ORMOND are low, as opposed to average gains per annum over the past five years.

ORMOND, 3204 in VIC belongs to the local government area of Glen Eira (C).

Data report can be found below

Ormond
KEY PROPERTY DATA REPORT HOUSE UNIT
Median Price $1,925,000 $790,000
GROWTH REPORT
Median Quarterly 4.05% 4.29%
Median 12 month 20.69% 1.35%
Median 3 years 20.39% 31.67%
Median 5 years 25.41% 27.32%
10 years average annual 8.2% 5.03%
Weekly media advert. rent $620 $370
Time on Market 54.0 days 66.7 days
Gross Rental Yield Percent 1.67% 2.44%
demographics (median values)*
Total Population
30635
Weekly Household Income
1801
Household Size
2.70
Age
38
Monthly Loan Repayment
2167
* Australian Bureau of Statistics (May 2021) 2016 Census DataPacks[https://datapacks.censusdata.abs.gov.au/datapacks/],ABS Website, accessed 2016.
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