Ormiston has had a A very good year for property investment returns compared to the rest of QLD, giving investors a capital gain of 11.07% to date .
Over the longer term, Ormiston has seen property prices show investors a 24.97% return over the last 3 years. This is worse than over the last 12 months
State is the 3rd most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -6.86% offered to property buyers. Sellers in Ormiston itself are offering an average vendor discount of -4.16% to real estate investors.
At number 1091 in a list of fastest selling suburbs, Ormiston is in the TOP 30% of suburbs in Australia with an average of days on market 57.47 for properties listed there.
With a capital gain of 3.08% for the last 12 months, Ormiston, 4160 has performed for property investments than its average annual 5.35% property growth over the last 5 years.
If we look at median property appreciation over just the last three months, Ormiston has given property investors a paper return of 7.63%. This puts Suburb as 22 on a list of fastest fasting appreciating suburbs in QLD
Property investors looking for a bargain in Ormiston should be aiming for at least -3.21% off the asking price, which is the average vendor discount being achieved at the moment.
A $375 per week rent on the median house gives suburb investors a gross yield of circa 4.85%, without taking into account capital value appreciation, which has been averaging out at 5.35%.