Ormond

POSTAL CODE: VIC, 3204

HOUSE

UNIT

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.

Based on its average 5-year and quarterly capital gains ORMOND, 3204 saw average decrease in the long term.

A survey of average capital gains or median home price increase in suburbs across the country shows that the VIC suburb obtained a 4.55% growth over a ten-year period. It ranks 1010th on our list of suburbs that property investors should look into.

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

ORMOND, 3204 has a capital gain of 6.64% for the past year, which is higher than average compared to its -12.5% growth within a five-year period.

With the median home price in ORMOND sitting at $682,500, and the average rent at $550, property owners could potentially earn a 4.19% 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.

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Data report can be found below

Key Property Date Report	HOUSE	UNIT
Median Price	$1,880,000	$682,500
Growth Report
Median Quarterly	2.73%	-4.55%
Median 12 month	2.17%	6.64%
Median 3 years	1.9%	13.23%
Median 5 years	18.24%	-12.5%
10 years average annual	4.38%	4.55%
Weekly media advert. rent	$838	$550
Time on Market	N/A	71.8 days
Gross Rental Yield Percent	2.32%	4.19%

Demographics (Median Values)*

Total Population 30635

Weekly Household Income 1801

Household Size 2.70

Average 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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