Giving property investors a a solid capital gain of 18.01% for the last year, Ormond, 3204 is the 435th highest performer in Australia in this respect.
The five-year average increase in median property values for Ormond,3204 has given property investors a potential capital gain of 78.03% across each of those five years.
LACK OF BUYER INTEREST may well be the reason that Ormond is offering property investors an average of -5.80. This rate of discount on properties puts Suburb at number 107th in terms of most discounted suburbs in VIC
Ormond, 3204’s gross rental yield is 2.09%
With a capital gain of 3.26% for the last 12 months, Ormond, 3204 has performed for property investments than its average annual 6.21% property growth over the last 5 years.
A -1.88% growth in median value for property investors in Ormond,3204 puts this suburb at number 367th in terms of best performing suburbs in VIC
Property buyers and investors in Ormond 3204 should be seeing an average reduction in asking price of around -6.66% . This means that Ormond is holding prices well when compared to other suburbs in VIC.
At number 513 in a list of fastest selling suburbs, Ormond is in the TOP 40% of suburbs in Australia with an average of days on market 65 for properties listed there.
Advertised rents are around the $370 mark per week – giving a return of 3.68% based on the median price in Suburb