Investment property in Ormond has done pretty poorly for investors when compared to the country as a whole over the last 12 months, with an increase in the median house price of 0.17%
Taking the average capital gain, or increase in median house value, Ormond,3204 has racked up an average of 0.17% over the period. This ranks it number 1240th in the whole country for real estate investors looking at median house price increases.
Sellers are offering property buyers an average discount of -7.69% to buyers in Ormond at the moment, which is less than average for the rest of VIC.
Often selling an investment property can take time, and in Ormond the average time real estate has been on the market is 67.61 days.
Advertised rents are around the $640 mark per week – giving a return of 2.20% based on the median price in Suburb
Giving property investors a a poor capital gain of -16.15% for the last year, Ormond, 3204 is the 1642th highest performer in Australia in this respect.
Across a shorter period, Ormond, 3204 has seen a median price increase of 0.00% over the last quarter.
The most recent median price for Ormond is $501000, with sellers offering an average of -5.52% off the asking price.
Ormond, 3204’s gross rental yield is 3.94%