If you compare the increase in value of investment property in Ormond, 3204 to the rest of Australia, it performed very well. The median increase in value, or capital gain property investors experienced for this VIC suburb was 25.98%.
Over the longer term, Ormond has seen property prices show investors a 56.40% return over the last 3 years. This is worse than over the last 12 months
Ormond, 3204 is offering VIC ‘s 241th most discounted properties when looking at the average discount being offered by vendors. This puts it in the TOP 40% of discounts offered by this VIC.
With the median price for a house in Ormond being $1486600 and the advertised rent reaching $580 the gross rental yield for property investors calculates out to be 2.03%
Ormond, 3204 ranked 217th in VIC when comparing growth in median property values or capital gain over the last 12 months. Ormond is one of 2098 in our list for VIC
While Ormond,3204 ranked number 62th in VIC for increase in median house value (annualised) increase, it is ranked 283th over the last 5 years.
Property investors looking for a bargain in Ormond should be aiming for at least -4.38% off the asking price, which is the average vendor discount being achieved at the moment.
Property investors should expect to get $350 weekly from the median priced house in this suburb.