Ormiston, 4160 ranked 698th in QLD when comparing growth in median property values or capital gain over the last 12 months. Ormiston is one of 2415 in our list for QLD
Data for the last quarter indicates that, in the short term at least, the capital value growth rate for property investors in Ormiston has increased when compared to the 5 year average annual rate.
Property buyers and investors in Ormiston 4160 should be seeing an average reduction in asking price of around -4.77% . This means that Ormiston is holding prices well when compared to other suburbs in QLD.
At number 1245 in a list of fastest selling suburbs, Ormiston is in the TOP 40% of suburbs in Australia with an average of days on market 65.53 for properties listed there.
With the median price for a house in Ormiston being $650000 and the advertised rent reaching $497.5 the gross rental yield for property investors calculates out to be 3.98%
With a capital gain of 2.90% for the last 12 months, Ormiston, 4160 has performed for property investments than its average annual 5.26% property growth over the last 5 years.
Across a shorter period, Ormiston, 4160 has seen a median price increase of 0.00% over the last quarter.
At number 241th of QLD’s most discounted properties, Ormiston is in the TOP 30% of the state/territory when listing in order of most discounted to least.
Using the current median advertised rental of $372.5 and the average annual increase in value of a median property of 5.26%, investors should hope to achieve an overall return of 4.97%