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 -8.26%
The five-year average increase in median property values for Ormiston,4160 has given property investors a potential capital gain of 14.29% across each of those five years.
Sellers are offering property buyers an average discount of -5.12% to buyers in Ormiston at the moment, which is less than average for the rest of QLD.
In the last year 106 properties changed hands in Ormiston, which puts it as the 221th most active market in QLD when comparing the number of sales per suburb.
Ormiston is in the TOP 30% in QLD when comparing median price capital growth over the last year. Ormiston gave property investors a good capital gain figure when compared to the rest of the state, with 5.28%.
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.
State is the 4th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.70% offered to property buyers. Sellers in Ormiston itself are offering an average vendor discount of -5.20% to real estate investors.
Advertised rents are around the $375 mark per week – giving a return of 5.01% based on the median price in Suburb