Suburb Profile Report for Ormond VIC (3204)

Ormond House: Median price $1,540,000, Annual capital growth 9.62%, Number of sales 78, Weekly median advertised rent $620

Ormond Unit: Median price $522,500, Annual capital growth 6.21%, Number of sales 79, Weekly median advertised rent $370

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

Source: CoreLogic

  • House Report
  • Unit Report

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

Metrics i HOUSE UNIT
$1,540,000 $522,500
0.82% -12.92%
18.01% 3.26%
9.62% 6.21%
$620 $370
78 79
2.09% 3.68%
78.47 65

Source: CoreLogic

DSR Score for property investment : Good (H), Above average (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