Property investors who have had real estate in Ormond, 3204 should be pleased with this VIC suburb’s performance compared to the rest of the country. Over the last year it has seen median house prices increase in value by 15.38%
Ormond,3204 was ranked 3343 in Australia by increase in median property value over the quarter.
Situated 12.19km from the CBD, Ormond is one of Glen Eira localities in the postcode 3204.
Property value increases in Ormond have tracked higher than the VIC average of 3.49% over the last 12 months.
If we look at median property appreciation over just the last three months, Ormond has given property investors a paper return of 2.18%. This puts Suburb as 97 on a list of fastest fasting appreciating suburbs in VIC
State is the 6th most discounted Australian state or territory in this month’s figures with an average Vendor Discount of -5.13% offered to property buyers. Sellers in Ormond itself are offering an average vendor discount of -7.25% to real estate investors.
In the last year 72 properties changed hands in Ormond, which puts it as the 123th most active market in VIC when comparing the number of sales per suburb.
Property investors should expect to get $370 weekly from the median priced house in this suburb.