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Ormond

POSTAL CODE: VIC, 3204
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Property investors enjoyed capital gains of 2.17% 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 4.38% growth over a ten-year period. It ranks 3299th on our list of suburbs that property investors should look into.

ORMOND, 3204 has a capital gain of 2.17% for the past year, which is lower than average compared to its 18.24% growth within a five-year period.

With the median home price in ORMOND sitting at $1,880,000, and the average rent at $837.5, property owners could potentially earn a 2.32% 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.

Surburb overview

Ormond is a suburb in Melbourne, located about 12 kilometres south-east of the central business district within the City of Glen Eira. It is an established residential suburb characterised by a mix of period housing, post-war development and increasing medium-density redevelopment.

Ormond has a population of approximately 8,000 residents, with a demographic profile that includes families, students and professionals, supported by its proximity to education and transport links. Housing ranges from detached homes to units and modern apartments, reflecting gradual urban consolidation across the suburb.

Public transport is a key feature, with Ormond railway station located on the Frankston line, providing regular services to Melbourne’s CBD. Bus routes operate through Ormond, connecting to surrounding suburbs and major activity centres. Road access is provided by North Road and nearby arterial routes, such as the Nepean Highway, facilitating east–west and north–south travel.

Local retail activity is centred along North Road and around the station precinct, with supermarkets, cafes and essential services, while larger shopping areas are accessible in nearby Bentleigh and Carnegie.

Ormond benefits from proximity to educational institutions, including Kilvington Grammar School and nearby Monash University (Caulfield campus), which influence the local population and housing demand.

Recreational spaces such as EE Gunn Reserve provide open space, sporting facilities and community amenities. The suburb is also within a reasonable distance of coastal areas such as Brighton, offering additional recreational opportunities.

Ormond developed significantly during the early 20th century, with infrastructure and housing expanding alongside railway development. Current planning trends focus on accommodating population growth, improving transport integration and maintaining residential amenity within a well-established suburban setting.

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