Property investors who have had real estate in Ormiston, 4160 should be unhappy with this QLD suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices decrease in value by -8.82%
Ormiston,4160 was ranked 1133 in Australia by increase in median property value over the quarter.
Ormiston, 4160 is offering QLD ‘s 541th most discounted properties when looking at the average discount being offered by vendors. This puts it in the bottom 40% of discounts offered by this QLD.
A $500 per week rent on the median house gives suburb investors a gross yield of circa 4.19%, without taking into account capital value appreciation, which has been averaging out at 3.94%.
Over the last year, property investments in Ormiston, 4160 have given investors a capital gain of 4.00%. This compares favourably with the 1.12% for QLD as a whole.
The five-year average increase in median property values for Ormiston,4160 has given property investors a potential capital gain of -2.19% across each of those five years.
The most recent median price for Ormiston is $390000, with sellers offering an average of -3.72% off the asking price.
On average over the past year, suburb has had 5.92 sales per month, which equates to 71 per year.
Ormiston is 253th on a list of best yielding suburbs for rents in QLD with a 4.87% return