Suburb Profile Report for Ormond VIC (3204)

Ormond House: Median price $1,535,000, Annual capital growth 9.53%, Number of sales 70, Weekly median advertised rent $620

Ormond Unit: Median price $562,000, Annual capital growth 6.42%, Number of sales 73, Weekly median advertised rent $360

  • House
  • Unit
Source: CoreLogic RP Data
  • Median price
  • Number of sales

Source: CoreLogic

  • House Report
  • Unit Report

VIC has seen average median house prices change by 8.12% which means that Ormond, 3204 has done well for property investors by showing a capital gain of 18.08% over the last year

When looking at the potential capital gains offered to property investors over the last 3 years, Ormond comes in at number 17th in VIC.

Giving property investors a a solid capital gain of 16.84% for the last year, Ormond, 3204 is the 168th highest performer in Australia in this respect.

A 7.56% growth in median value for property investors in Ormond,3204 puts this suburb at number 199th in terms of best performing suburbs in VIC

Property investors looking for a bargain in Ormond should be aiming for at least -7.25% off the asking price, which is the average vendor discount being achieved at the moment.

Metrics i HOUSE UNIT
$1,535,000 $562,000
0.99% 0.36%
18.08% 16.84%
9.53% 6.42%
$620 $360
70 73
2.10% 3.33%
85.78 67.15

Source: CoreLogic

DSR Score for property investment : Above average (H), Balanced (U)
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Demographics
Total population 7710
Median household income ($/weekly) 1436
Median age of persons 35
Median housing loan repayment ($/monthly) 2000
Average household size 2.5
  • Census Count Percent(%)
    5-14 years 976 12.7
    25-34 years 1328 17.2
    35-44 years 1252 16.2
    45-54 years 1073 13.9
    55-64 years 758 9.8
    Others 2323 30.1
    Age Group
    Census Count Percent(%)
    Registered Married 2892 48.9
    Not Married 2574 43.6
    Defacto Relationship 443 7.5
    Social Marital Status
  • Census Count Percent(%)
    Australia 4613 62.2
    Croatia 339 4.6
    Indonesia 526 7.1
    United Kingdom 254 3.4
    Other 692 9.3
    Others 989 13.3
    Country of Birth
    Census Count Percent(%)
    Buddhism 196 2.7
    Christianity 3453 48.4
    Hinduism 460 6.4
    Judaism 812 11.4
    No Religion 2052 28.7
    Others 167 2.3
    Religious Affiliation
  • Census Count Percent(%)
    $800-$999 228 8.3
    $1,000-$1,249 226 8.2
    $1,500-$1,999 355 12.9
    $2,000-$2,499 228 8.3
    $2,500-$2,999 289 10.5
    Others 1426 51.8
    Gross Household Income (Weekly)
    Census Count Percent(%)
    Employed, worked full-time 2573 42.6
    Not in the labour force 1713 28.4
    Employed, worked part-time 1324 21.9
    Unemployed, looking for work 232 3.8
    Employed, away from work 195 3.2
    Person Characteristics
  • Census Count Percent(%)
    Managers 575 14.1
    Professionals 1359 33.2
    Technicians & trades workers 404 9.9
    Clerical & administrative workers 619 15.1
    Sales 380 9.3
    Others 755 18.5
    Occupation
    Census Count Percent(%)
    Pre-school 133 6.5
    Infants/Primary 663 32.2
    Secondary 470 22.8
    Technical or Further Educational Institution 180 8.7
    University or other Tertiary Institutions 544 26.4
    Others 70 3.4
    Type of Educational Institution Attending
  • Census Count Percent(%)
    Separate house 4377 59.1
    Flat, unit or apartment 2032 27.4
    Semi-detached, row or terrace house, townhouse 918 12.4
    House or flat attached to a shop, office 80 1.1
    Improvised home, tent, sleepers out 3 0.0
    Others 0 0.0
    Dwelling Structure
    Census Count Percent(%)
    Rented 1138 38.6
    Being purchased 936 31.7
    Fully owned 864 29.3
    Other tenure type 14 0.5
    Tenure Type
Census 2011, ABS
Chart Table
Recent sales & rentals